Real News Video: China's top 1% control 70% of wealth

Professor Minqi Li : Winners and losers in new China, Part 2



Minqi Li: "Throughout the 1990s, maybe 70 or 80 percent of the state industrial sector was privatized. And as a result, between 30 million and 60 million of the state-sector and the collective-sector workers lost their jobs in that period of time."