According to the University, the total income of the top 20 percent of the rural households was 10.19 times higher than the bottom 20 percent and that the wealth gap in west China was bigger than in the east of the country.
The cost of living in China is very different from that in the West.
"China's economy is growing at three times the rate of the West, and if that growth continues, China will become the largest economy in the world within the next couple of decades, " Mr Schwarzman said in a statement ahead of the funds launch on Sunday.
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While most people in the West had never heard of Taobao, its name was heard loud and strong in China.
While Apple is having to apologize for the poor quality of its maps in the West, it is clearly superior to Google Maps in China.
But in fact, there are a number of China tech startups innovating in areas unbeknownst to many in the West. (Virtual goods, which originated in Asia, is a good example.) YY Inc.
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Then in 1978, in a move almost unnoticed in the west, Japan and China signed a treaty of friendship.
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As entrepreneurial as they are, Mr Zhao observes, many small and mid-sized firms in China lack much of what is common in the West, in particular good management, proper accounting and savvy marketing.
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Expect more of China's online characteristics to be adopted in the West.
China's coal is located in the north and west of the country, far from the coastal cities where energy demand is growing strongly.
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With China and India showing faster growth rates than Western economies, research analysts have been bullish about luxury, positing that even if the West slows down, a rise in consumer spending among the newly rich of China, India and other emerging economies will lift the luxury market.
The sage's popularity in the West still owes more to Hollywood, source of much American soft power, than China's own efforts.
Mortenson claims that he has educated over 60, 000 of young children and mostly girls and built over 170 schools in Karakoram -the north west of Pakistan and the Wakhan valley of Afghanistan near the Russia and China border during the last 17 years.
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"Traditional recruitment processes, as they are understood in the West, only really started to be used in China after 1978, with the gradual liberalizing of China's economy, " said Mike Tims, the Asia, Middle East and Africa president at global human-resources consultancy SHL Group Ltd.
This isn't a story of the West losing out to China, because both will continue to profit in Africa.
In the West it is the big infrastructure projects and huge mineral deals that set the terms of the debate about China's role in the world, this staggering migration tends to get less attention.
Chang Mai straddles one of Asia's great crossroads - a southern spur of the Silk Road - fusing commerce and culture between points farther north and west in modern-day China, Laos and Myanmar.
In his history of the foreign scramble for China, Robert Bickers of Bristol University looks mainly at the story of west European and, to a lesser extent, American interaction with the country.
And food companies don't meet the disapproval in China that they do in the West: according to the Pew Research Centre, while 72% of Chinese think that fast food has made the world a better place, only 23% of Americans do.
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