JAY: Minqi, can you give us some examples of what you say are a rising disparity or these social tensions? Give us some facts, some statistics on them, that give us a picture of what’s happening in general.
LI: Between 1 percent or 5 percent of Chinese population controlling about 70 percent of all of the financial wealth, as far as I can recall correctly. And it’s also interesting that a few days earlier I read a commentary article on The Financial Times, which says why China’s middle class does not like democracy. Now, it’s written by an American who—basically, he is arguing that the Chinese middle class—. The middle class actually a misnomer in the Chinese context. It’s actually about the most privileged 15 percent of population. And they would, in fact quite be concerned, given China’s context, that if you do have democracy in China, they would be outvoted by the lower classes in China. So that’s the—you know, give you some idea about the situation in China today. More
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