“Socialism with Chinese Characteristics” has rapidly transformed China into one of the most economically unequal societies on earth. It now boasts a Gini Coefficient of, officially, around 0.47, worse than the U.S.’s 0.41. The wealthiest 1% of the population now holds around 31% of the country’s wealth (not far behind the 35% in the U.S.). But most people in China remain relatively poor: some 600 million still subsist on a monthly income of less than 1,000 yuan ($155) a month.