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</td></tr> <tr> <td class="msgtxt"> Er... don't be too happy... this is for China... not for Singapore....
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May 29, 2010
Govt aims to reduce income gap
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<!-- end left side bar --> <!-- story content : start --> http://www.straitstimes.com/Asia/China/Story/STIStory_532672.html
BEIJING: Alarmed by the yawning wealth gap which has been blamed for fermenting social unrest, China's government will draft a plan to improve wealth distribution, news reports said.
Citing unnamed officials with the National Development and Reform Commission (NDRC), The Global Times newspaper said on Thursday that the plan is in the pipeline, although the officials declined to say when it will be ready.
Such a plan could be written into the country's five-year plan for 2011-15, according to The 21st Century Business Herald newspaper.
Tackling the growing income gap is a top priority of Chinese leaders.
Premier Wen Jiabao recently pledged to increase the proportion of citizens' incomes to the national income, and to use financial and tax leverage to narrow the income gap and promote social security.
The rich-poor disparity has also come under the media spotlight, The Global Times said.
On Tuesday, the overseas edition of the People's Daily noted that China is faced with a growing income gap and an accompanying sense of social inequality despite steady growth in the national average salary since the 1980s.
Xinhua news agency reported earlier this month that the richest 10 per cent earned 23 times more than the poorest 10 per cent in 2007 - up from 7.3 times in 1988.
The Economic Information Daily, citing economic analysts with Xinhua's Centre of World Studies, warned last week that the Gini Coefficient - an indicator of income inequality - has exceeded 0.5 in China. The internationally accepted warning threshold is 0.4.
Mr Yang Yiyong, director of the Social Development Research Department at the NDRC, warned that China cannot afford any more rises in the Gini index.
'Social problems, including migrant workers taking their lives and serial attacks on schoolchildren, are related to conflicts stemming from the income gap,' said Mr Yang, referring to a spate of attacks on primary school and kindergarten students in the past two months.
</td></tr></tbody></table>
</td></tr> <tr> <td class="msgtxt"> Er... don't be too happy... this is for China... not for Singapore....
--------------------------------------------------
May 29, 2010
Govt aims to reduce income gap
<!-- by line --><!-- end by line -->
<!-- end left side bar --> <!-- story content : start --> http://www.straitstimes.com/Asia/China/Story/STIStory_532672.html
BEIJING: Alarmed by the yawning wealth gap which has been blamed for fermenting social unrest, China's government will draft a plan to improve wealth distribution, news reports said.
Citing unnamed officials with the National Development and Reform Commission (NDRC), The Global Times newspaper said on Thursday that the plan is in the pipeline, although the officials declined to say when it will be ready.
Such a plan could be written into the country's five-year plan for 2011-15, according to The 21st Century Business Herald newspaper.
Tackling the growing income gap is a top priority of Chinese leaders.
Premier Wen Jiabao recently pledged to increase the proportion of citizens' incomes to the national income, and to use financial and tax leverage to narrow the income gap and promote social security.
The rich-poor disparity has also come under the media spotlight, The Global Times said.
On Tuesday, the overseas edition of the People's Daily noted that China is faced with a growing income gap and an accompanying sense of social inequality despite steady growth in the national average salary since the 1980s.
Xinhua news agency reported earlier this month that the richest 10 per cent earned 23 times more than the poorest 10 per cent in 2007 - up from 7.3 times in 1988.
The Economic Information Daily, citing economic analysts with Xinhua's Centre of World Studies, warned last week that the Gini Coefficient - an indicator of income inequality - has exceeded 0.5 in China. The internationally accepted warning threshold is 0.4.
Mr Yang Yiyong, director of the Social Development Research Department at the NDRC, warned that China cannot afford any more rises in the Gini index.
'Social problems, including migrant workers taking their lives and serial attacks on schoolchildren, are related to conflicts stemming from the income gap,' said Mr Yang, referring to a spate of attacks on primary school and kindergarten students in the past two months.
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