China keen to invest more in India

China said the two major emerging economies can contribute significantly in helping the world economy by keeping up their growth momentum
For the vast majority of Americans, their nation’s economy is in a prolonged stagnation, far worse than that of Japan. When it comes to real income that is–income adjusted for inflation.

90 percent of Americans earns roughly the same real income today as they earned back in the early 1970s, according to a recent study released by The Levy EconomicInstitute (Figure 6).

Japan’s economic stagnation reaches back to the early 1990s. 

Economic stagnation didn’t reach the remaining 10 percent of the population, which has seen a sharp rise in their real incomes over the same period.

Things were quite different in the decades preceding the 70s, a period that stretches back to the late 1940s, when real incomes rose for both groups – with the 90 percent group staying ahead of the 10 percent group in real income gains.

Simply put, for the vast majority of Americans, the dream of a better life was lost back in the early 1970s.

What can explain this big shift in the income distribution in the last four decades?