According to the University, the total income ofthe top 20 percent ofthe rural households was 10.19 times higher than the bottom 20 percent and that the wealth gap inwestChina was bigger than inthe east ofthe country.
"China's economy is growing at three times the rate oftheWest, and if that growth continues, China will become the largest economy inthe world within the next couple of decades, " Mr Schwarzman said in a statement ahead ofthe funds launch on Sunday.