CHINA / National
Reform's intention to narrow wealth gap
(China Daily)
Updated: 2006-07-19 06:20
The Chinese Government is pushing a reform in the "interest of the
broadest masses" to reduce income gaps and redress social inequity.
A labourer works at a construction site in Nanjing, the capital of east
China's Jiangsu province, July 18, 2006. [Reuters]
In its latest effort to ensure that the country's pay and distribution
system work in a "scientific, rational, fair and just" fashion, the
government has vowed to increase the income of low earners, expand the
moderate-income population and readjust the earnings of the top bracket,
the Xinhua News Agency reported on Monday.
The pay and distribution reform is important to building a harmonious
society, Xinhua said in an interview with officials from the ministries
of personnel, finance, civil affairs, and labour and security.
The reform has aroused widespread attention since the Political Bureau of
the Central Committee of the Communist Party of China discussed it in May.
Although the country has made headway in improving living standards and
reforming its social security system, it has yet to tackle thorny
problems in income distribution.
For one thing, the income disparity has been widening between urban and
rural dwellers, among people living in different areas, and among workers
in different industries, Xinhua said.
Urban residents earn on average three times what rural people do. The
richest people, accounting for 10 per cent of city dwellers, possess 45
per cent of total urban wealth, according to media reports.
To narrow the wealth gap, the country has to deepen reform on income
distribution, unnamed officials quoted by Xinhua said.
On the basis of economic development, the reform will focus more on
social equity and will be designed to ensure all Chinese benefit from the
reform, opening-up and modernization campaign, they said.
It prohibits people from making illegal earnings and strives to narrow
the income disparity, they added.
A major component of the reform is the wage system for civil servants.
Page: 1 2
Related Stories
� Govt.to reduce income gap through reform
===========================================================================
� Economist: Income gap stems from corruption, monopoly
===========================================================================
� Essential steps to tackle widening income gap
===========================================================================
� Urban rich-poor gap at alarming levels
===========================================================================
� Urban income gap widens to alarming level
===========================================================================
� Income gap critical by 2010, experts warn
===========================================================================
Most Commented/Read Stories in 48 Hours
Today's Top News
� Reform's intention to narrow wealth gap
� NBS: No one-off RMB appreciation
� Indonesia tsunami kills 350
� Flooding from Bilis finally receding
� Tsunami kills over 300 in Indonesia
Top China News
� Hui calls for flood-control efforts amid Bilis ravage
� NBS: No one-off RMB appreciation
� Death toll of Bilis rises to 198
� Official: No decision made on interests rate rise
� ADB raises nation's 2006, 2007 growth forecasts
Alibaba is the largest B2B marketplace in the world. Source model ship,
wooden puzzle, one-piece toilet, RC hovercraft, photo album, prom dress,
pocket bike, Vaginal Speculum, Samurai Sword, String Panty and PVC Pipe.
Learn Chinese, Chinese language
No comments:
Post a Comment