Jiangsu announces 7-year income doubling program

14:44, February 11, 2011      

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East China's Jiangsu Province will strive to achieve a 100 percent growth in residents' income in seven years, Luo Zhijun, said Party secretary of the Jiangsu Provincial Committee of the Communist Party of China recently.

The target announced by Luo was much higher than the goal set in Jiangsu's 12th Five-Year Plan, which aimed for 65.6 percent growth for income of both its rural and urban residents.

Starting from 2011, Jiangsu will implement a seven-year income doubling program, focusing on the income growth among rural residents, a wage hike for employees as well as improvement of social security and assistance for vulnerable groups, Luo said.

According to the province's acting governor Li Xueyong, this year, the growth targets for both Jiangsu's GDP and residents' income were set to 10 percent.

Luo noted that Jiangsu would push to strengthen the progress of industrialization, urbanization and agriculture industrialization, improve employee's wage income, encourage self employment and raise social security levels.

In 2010, Jiangsu urban residents' average income reached 22,944 yuan (around 3,480 U.S. dollars), almost doubled compared with the 2005 level. Rural residents' average income was 9,118 yuan, 70 percent higher compared with 2005.

By People's Daily Online

(Editor:祁澍文)

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