e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

Latest
Special> NPC & CPPCC Sessions 2010> Latest
UPDATED: March 5, 2010
China to Reform Income Distribution System, Narrow Income Gap
Share

Chinese Premier Wen Jiabao vowed Friday to enhance rational income distribution system as it is an "important manifestation of social fairness and justice" and a major way out for boosting domestic demand and narrowing income gap.

"We will not only make the 'pie' of social wealth bigger by developing the economy, but also distribute it well on the basis of a rational income distribution system," Wen told the annual parliament session in his government work report.

The government will promptly formulate policies and measures to adjust the distribution of national income, and gradually increase the proportion of income individuals receive from the distribution of national income and the proportion of the primary distribution of income that goes to wages and salaries, Wen said.

The role of fiscal and taxation policies in adjusting the primary and secondary distribution of income should be strengthened "to create conditions for more people to earn income from property," Wen said.

There are growing complaints in China that residents' income growth lag behind the rise of state fiscal revenue. Low income has also been blamed for dragging down consumer spending.

People also grudge about hefty income of monopoly industries, which widens income gap and worsened social equality.

Wen said the government will deepen the reform of income distribution system of monopoly industries, set strict standards for the income of executives, especially senior ones, of state-owned enterprises and financial institutions.

It also vowed to crack down on and ban illegal income, regulate off-the-books income, gradually form a transparent, fair and rational pattern of income distribution, and resolutely reverse the widening income gap.

(Xinhua News Agency March 5, 2010)



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved