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February 26, 2010

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Rich-poor gap said to threaten upheaval

CHINA faces a continuing threat of social unrest this year amid a widening gap between rich and poor, extended unemployment and other sources of social conflict, said a report released yesterday by a government think tank.

According to the bluebook by the Chinese Academy of Social Sciences, focusing on rule of law in China, social instabilities may trigger frequent riots in 2010 and toughen government's job to remain stable.

The report warned of sustained increases in crimes involving violence and business irregularities, although the economy this year would be gradually improving.

More thefts, robberies, snatches and frauds are likely to be committed, the report said, because of the big difference between the number of job seekers and available openings.

The financial crisis and the loosened financial and monetary policies will create more opportunities for business crimes, especially Ponzi schemes and illegal fund-raising, the report said.

Some companies or individuals with idle cash will be easily coaxed to join schemes promising high interest, while some small or medium-sized enterprises facing fund shortages will borrow from loan sharks, the report predicted.

More lending frauds and crimes involving bank cards will also be committed this year, it added.

However, there will be fewer juvenile crimes than previously thought, the report said.

The report foresees frequent cases of malfeasance, dereliction of duty and official corruption, but fewer of them involving huge sums of money. Many of the offenders will be mid-level officials or grassroots civil servants.

The report's authors say authorities should be tough on criminal syndicates and crimes of violence, but impose fewer prison penalties for minor offenses.




 

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