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December 10, 2009

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Wage rises on way to lift spending

THE Chinese government would raise the earnings of middle- and low-income groups to boost consumer spending, a senior economic planning official said in Beijing yesterday.

Zhang Ping, minister in charge of the National Development and Reform Commission, the top economic planning agency, made the remarks at a national meeting on development and reform.

The government would step up research on and optimization of the income distribution mechanism to improve residents' spending cvapability, Zhang told the meeting.

The government would also raise pensions for enterprise retirees and improve treatment for those in special care, Zhang said.

He said the government would exert more effort to address problems that had close bearing on public interests and ensure that all people shared the fruits of the development and reform.

Participants at the annual Central Economic Work Conference, which concluded on Monday, agreed to fully implement and improve the fiscal stimulus package and policies to cope with the global financial crisis and boost development, and strengthen domestic demand, especially in consumption, to drive economic growth.


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