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Thursday, November 8, 2012

From Forbes' top ten to a dollar a day, China's new leadership faces growing wealth gap - CBS News

From Forbes' top ten to a dollar a day, China's new leadership faces growing wealth gap - CBS News
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  1. RAYLOKENovember 8, 2012 at 8:33 PM

    CBS News) BEIJING - China is changing leadership this month. On Thursday, China's Communist Party began a meeting that's held once every 10 years, in which the people will be told who their new leaders are.

    That leadership has to manage a China that is evolving into a nation of haves and have-nots.

    China's secretive congress to plot power transfer begins
    China's transitional show of unity belies mounting tide of activism
    Activists locked up ahead of China's power handover

    The opening of the Congress was a choreographed spectacle of power and pride.


    But outgoing President Hu Jintao told the assembled delegates the Communist Party's greatest success -- China's economic development -- has created one of its greatest threats: A growing divide between rich and poor.

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