The large size and strong growth in luxury items implies that grey income was substantial in 2010, as suggested by a Credit Swiss report authored by Prof. Wang Xiaolu.

奢侈品的巨额消费和快速增长提示在2010年存在大量的灰色收入。瑞士信贷王小鲁教授撰写的报告中做出以上推断。

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Professor GE Xiaolu received the "Literature Inheritance" award by Fund of WANG Jisi's Ancient Opera.

王季思基金向北京大学葛晓鲁教授颁授《文学遗产》优秀论文奖。

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According to Professor Wang Xiaolu of the China Reform Foundation, this is definitely not the case.

FORBES: Where Do China's Luxury Purchases End Up?

"The government hasn't addressed the core of the issue, " said Wang Xiaolu of the China Reform Foundation and one of China's leading academics on income distribution.

WSJ: An Unhappy Middle in the Middle Kingdom