China’s most expensive cars revealed in a nationwide study released Thursday show the country’s wealth gap is widening and the number of people living in poverty is growing.
The annual report by the China Automobile Industry Association, which compiled the data on 1,788 models, shows the median price for a car in China increased by 5.2 percent in 2016, the latest year for which the bureau has released statistics.
While the number is still below that of a year ago, the gap between the wealthiest and poorest residents is narrowing.
While the median household income in 2016 was $11,664, it was the highest in nearly four decades and up 3.4 percent from a year earlier.
In 2015, the median income was $10,200 and the median number of residents living below the poverty line was 4.7 million, according to the data.
The biggest increases in price were in models from the Audi A3 luxury SUV, the Nissan Leaf sedan and the Jaguar XKR SUV. “
But now, we must keep in mind that in the last 10 years, China has seen a dramatic rise in economic growth and the income gap between rich and poor has also widened.”
The biggest increases in price were in models from the Audi A3 luxury SUV, the Nissan Leaf sedan and the Jaguar XKR SUV.
The A3, which costs more than $40,000, and the Leaf sedan are among the most expensive luxury cars in China.
But the average price of the Nissan SUV, which can go up to $60,000 and can also go to $100,000 depending on trim, rose to $1.3 million in 2016.
A number of other models, such as the Porsche 911, BMW 5 Series and Jaguar F-Pace, also rose in price, according the report.
While the report showed that the number and size of residents in poverty in the country rose for the first time in three decades, the number has grown in other parts of the world, too.
The report showed China had the lowest percentage of its population living below half of the poverty level in 2015, while in South Africa the percentage was 51.5 percent.
China is also experiencing a rise in the number, and severity, of the coronavirus, which is killing a record number of Chinese, according a survey by the countrys largest health insurance company.
According to the survey, the prevalence of the virus among China’s population was 2.7 percent in 2015.
However, in 2016 the prevalence among the population fell to 1.7% from 2.8 percent in 2017.
Among the countries with the highest percentage of residents who were infected in 2016 were Mexico, the U.K. and the U,S.