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China Beat Back Covid-19, but It’s Come at a Cost—Growing Inequality

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Fallout from the Covid-19 pandemic is widening the gap between haves and have-nots in China, a trend that could bring social tensions and undermine the country’s stronger-than-expected economic recovery.

As in the U.S., higher-income earners have for the most part held on to their jobs in China this year, while their stock and property assets kept growing in value.

Yet…

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