CHINA
“Apartheid Without Racism:” How China Keeps Rural Folks Down
Mark Magnier, THE WALL STREET JOURNAL
An epic property boom restricted to city dwellers has opened a wealth gap that continues to widen in China, setting back a state campaign to ease poverty and shunting rural dwellers from the middle-class dream. China’s system of hukou, or household registration, a decades-old legacy of the planned economy, binds most Chinese to their place of birth, and denies those outside China’s booming megacities the right to buy property inside them. That has largely shut them out of one of history’s biggest wealth transfers; 98% of Chinese …read more
Source: Victims of Communism
