Equity Index Construction and Research on Wealth Gap

  • Xiaohuang Zhu
  • Song Lin

Table of contents

  1. Front Matter
    Pages i-x
  2. Xiaohuang Zhu, Song Lin
    Pages 1-8
  3. Xiaohuang Zhu, Song Lin
    Pages 9-25
  4. Xiaohuang Zhu, Song Lin
    Pages 27-59
  5. Xiaohuang Zhu, Song Lin
    Pages 61-96
  6. Xiaohuang Zhu, Song Lin
    Pages 115-141
  7. Back Matter
    Pages 169-181

About this book


This book constructs a Chinese Social Equality Index–the Mongoose Social Equality Index–with the wealth gap index as its core, and the legal equality index, the socio-cultural equality index, and the financial equality index as its supplement. The book focuses on the influence of the wealth gap on economic and social issues. Empirical research shows that there are three turning points in the influence of the wealth gap index on economic growth: discrepancy turning point, golden turning point and destructive turning point. Based on the latest data,the current expected wealth gap index in China has surpassed the destructive point. This means that wealth brought about by economic growth will largely go to the rich, which aggravates inequality and even brings forth a potential economic recession. Meanwhile, the index also indicates that, as the Chinese economy develops, social equality has been on a noticeable decline. This book will be of interest to economists, China watchers, and political scientists.

Xiaohuang Zhu is the President of the Financial Conduct and Legal Act Research
Society of the China Behavior Law Association and former Chairman of the Board
of Supervisors of CITIC Group, the former President of CITIC Bank, the former Chief Risk Officer and Vice President of China Construction Bank. He holds a Ph.D. in International Economics.

Song Lin is the Associate Dean and Professor at the Business School, Central University of Finance and Economics, China and has published numerous papers in top journals. His major research interests include entrepreneurial management, SME management, and strategic management. He holds a Ph.D. in Management.


Income inequality Chinese society Socialism in China Regional inequality Rise of China

Authors and affiliations

  • Xiaohuang Zhu
    • 1
  • Song Lin
    • 2
  1. 1.BeijingChina
  2. 2.BeijingChina

Bibliographic information

  • DOI
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd., part of Springer Nature 2019
  • Publisher Name Palgrave Macmillan, Singapore
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Print ISBN 978-981-13-9553-6
  • Online ISBN 978-981-13-9554-3
  • Buy this book on publisher's site