Wen vows action on issue of wage gap
Source: Xinhua |
April 2, 2010, Friday
|
Print Edition
Print Edition
PREMIER Wen Jiabao has pledged to further reform income distribution to narrow the gap between rich and poor and secure social stability.
In an article publishedyesterday in Qiushi, or "Seeking Truth," the official magazine of the Communist Party of China Central Committee, Wen said greater efforts were needed tobuild a rational income distribution structure.
"If the income gap continues to widen, it will pose a major threat to our economic development and social stability," Wen wrote.
"We are poised and capable of gradually resolving this problem with a sound momentum of economic and social development and greater sustainability in various fields."
Complaints have been growing about how the income growth of many Chinese was lagging behind the rise in state fiscal revenue.
Low incomes have been blamed for dragging down consumer spending.
"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 wrote.
He pledged the government would gradually increase the proportion of income individuals received from the distribution of national income, as well as the proportion of the primary distribution of income that went to wages and salaries.
The role of taxation policies in adjusting the distribution of income should be strengthened, and the tax burden for low and medium-income people should be alleviated.
Wen promised to guarantee a minimal living standard for low-income people in urban and rural areas.
In an article publishedyesterday in Qiushi, or "Seeking Truth," the official magazine of the Communist Party of China Central Committee, Wen said greater efforts were needed tobuild a rational income distribution structure.
"If the income gap continues to widen, it will pose a major threat to our economic development and social stability," Wen wrote.
"We are poised and capable of gradually resolving this problem with a sound momentum of economic and social development and greater sustainability in various fields."
Complaints have been growing about how the income growth of many Chinese was lagging behind the rise in state fiscal revenue.
Low incomes have been blamed for dragging down consumer spending.
"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 wrote.
He pledged the government would gradually increase the proportion of income individuals received from the distribution of national income, as well as the proportion of the primary distribution of income that went to wages and salaries.
The role of taxation policies in adjusting the distribution of income should be strengthened, and the tax burden for low and medium-income people should be alleviated.
Wen promised to guarantee a minimal living standard for low-income people in urban and rural areas.
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