Survey identifies growing wealth disparity

The top 10 percent of Chinese own 63.9 percent of the country's wealth, Guangzhou-based Nandu Daily reported Sunday, citing a recent survey on household finance conducted by the Chengdu-based Southwestern University of Finance and Economics.

The rich-poor gap is widening at a slower pace, but wealth is still concentrated in a small number, survey center director Gan Li was quoted as saying.

The report placed China's Gini coefficient, a measure of income inequality, at 0.717 in 2013. A reading higher than 0.4 is viewed as unsafe by analysts.