A new study from Credit Suisse and Beijing think-tank China Reform Foundation shows that China is richer -- and much more unequal -- than official figures show. Chinese citizens hide 9.3 trillion yuan (or about USD$1.4 trillion), most of it "illegal or quazi-legal" from sources like kickbacks and payoffs. The distribution of the hidden wealth is highly-skewed; the richest 10% of households have triple the income reported by official figures, the poorest 10% just 13% more. The official gap between the rich and the poor in China is high, and this study suggests that actual income inequality might be much greater.