Wealth gap-narrowing programs power up China's rural market (2)

13:43, April 14, 2011      

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Thanks to a booming economy, the per capita net income of Chinese rural people nearly doubled from 3,255 yuan in 2005 to 5,919 yuan in 2010, and the 10.3 percent economic growth last year drove the biggest increase in the nation's rural incomes in 25 years.

Li's 20-year-old son Li Hongbin works as a technician at an electronic equipments manufacturing company in the neighboring Guangdong Province.

The son, who is provided free boarding and two meals a day by the factory he works for, sends back home 1,400 yuan each month out of his monthly wage of 2,000 yuan.

"Salaries have been a major source of income increases for China's farmers, and, in most central and western regions, salaries account for more than 40 percent of the rural people's total income," said Wang.

In the past five years, salaries of China's 242 million migrant workers nearly doubled with their average monthly salaries rising 13 percent to 1,690 yuan, Minister of Human Resources and Social Security Yin Weimin said last month on the sidelines of the annual parliamentary session.

The farmers' income has also been boosted by the scrapping of all agricultural taxes in 2006, the provision of free nine-year voluntary education to rural children, and the government subsidies for farmers.

This year, China's grain growers will get a total of 140.6 billion yuan in subsidies for purchasing agricultural supplies, growing superior crop varieties and purchasing agricultural machinery, the Ministry of Finance said earlier this month.

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