10.23
·Reported
·Importance II
·Sources 1
·China
Economist Yao Yang, Dean of the Dishui Lake Advanced School of Finance at Shanghai University of Finance and Economics, said in a video posted on "Yao Yang Shuo" that about 100 million people in China actually pay individual income tax, that an annual income of 100,000 to 120,000 yuan puts one in the top 10% by income, and that an annual income of about 300,000 yuan puts one in the top 1%. The bottom 10% of earners account for only 0.4% of all income and have negative net wealth, and around 600 million people nationwide still earn less than 1,000 yuan per month.
07.07
·Reported
·Importance IV
·Sources 1
·China
Gao Shanyuan, chief economist of SDIC Securities, passed away due to illness on July 7 at the age of 55.
07.07
·Verified
·Importance IV
·Sources 1
·China
Renowned macroeconomist Gao Shanwen has passed away due to illness at the age of 55. He previously worked at institutions such as Peking University and Guotai Junan Securities, and was well-known for his profound insights and warnings regarding the Chinese economy.
07.07
·Reported
·Importance IV
·Sources 2
·China
Gao Shanwen was diagnosed with lymphoma in January 2025 and passed away on July 7, 2027, sparking various speculations from the outside world regarding his cause of death.
2000
·Verified
·Importance II
·Sources 1
·Peru
Peruvian economist Hernando de Soto published The Mystery of Capital in 2000, pointing out that the poor in developing countries hold large amounts of dead capital that lacks legal property rights.