Promises to reform income inequality
Source: Xinhua |
March 6, 2010, Saturday
|
Print Edition
Print Edition
PREMIER Wen Jiabao vowed yesterday to distribute income more rationally, calling that 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, gradually increasing 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, he 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 lags behind the rise of state fiscal revenue. Low income has also been blamed for dragging down consumer spending.
People also grouse about the hefty income of monopoly industries, which widens income gap and worsens social equality.
The premier said the government will deepen the reform of the income distribution system of monopoly industries, and set strict standards for the income of executives, especially senior ones, of state-owned enterprises and financial institutions.
"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, gradually increasing 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, he 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 lags behind the rise of state fiscal revenue. Low income has also been blamed for dragging down consumer spending.
People also grouse about the hefty income of monopoly industries, which widens income gap and worsens social equality.
The premier said the government will deepen the reform of the income distribution system of monopoly industries, and set strict standards for the income of executives, especially senior ones, of state-owned enterprises and financial institutions.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
