Professor Gan Li Says Income Equality Bad for China

The video discusses the Chinese government's insufficient spending on poverty alleviation compared to other countries, highlighting that only 14% of spending is directed towards income transfers. It examines Chinese families' asset allocation, noting a heavy investment in housing, which is unbalanced compared to the US. The reliability of government data is questioned, though it is believed to be improving. Finally, the video identifies overlooked opportunities in China's economy, emphasizing the need to focus on the relative poor and transition to a consumption-driven economy.

What opportunities in China's economy are often overlooked according to the text?

What focus should the Chinese government have between 2020 and 2030 regarding poverty?