Latest News:  
Beijing   Overcast/Moderate rain    9 / 12 ℃  City Forecast

English>>China Business

In-depth: CPC expected to bridge wealth gap by fair distribution

(China Daily)

13:45, October 25, 2012

Zhang Lan, 43-year-old primary school teacher in southwest China's Sichuan province, has seen her monthly salary quadruple over the past decade to 4,000 yuan, but she still has to pinch pennies.

"My monthly income still falls short of the price of one square meter of an apartment," says Zhang.

The urban dweller complains that with more than 20 years of work experience, her income still lags far behind those in the country's monopolized industries and sectors.

But public discontent over income distribution is not confined to cities.

Latest statistics from the National Bureau of Statistics showed country's rural per capita cash income in the first three quarters this year was 6,778 yuan ($1,084), which was only 36.8 percent of the per capita disposable income of urban residents in the same period.

Analysts warn that China's yawning wealth gap has triggered not only rural resentment over the wealthy urban dwellers, but also is brewing discontent within cities as well as villages.

Although the Chinese economy has grown into the world's second largest, the original goal of China's economic reform to achieve common prosperity remains a distant future, they warn.

"Poverty and backwardness brew social turmoils. The remedy is to put development first to secure economic prosperity, sufficient employment and the smooth flow of wealth," says Ji Zhengju, researcher with the Central Compilation and Translation Bureau (CCTB) of the Communist Party of China (CPC) Central Committee.

The State Council, China's Cabinet, has decided to establish an overall income distribution plan by the end of this year, and observers have put high hope on the upcoming National Congress of the CPC which is scheduled to open on November 8.

Zhao Chenggen, professor with the School of Government of Peking University, expects China's new leadership to elaborate on how to boost economy and how to make sure economic fruits shared by all Chinese in a more equitable way.

【1】 【2】 【3】

News we recommend:
"Made in China":Charming the World "Made in China":A Boon for the Masses "Made in China":A Blessing for Businesses
"Made in China":The Bitter Blessing Shanghai's 'other' market China's tourism industry reaps golden harvest
Commentary:Asking the right questions  More Investment, More Woes? All that glitters is gold


Leave your comment0 comments

  1. Name


Selections for you

  1. Ammunition support training

  2. China makes mine-sweeping efforts

  3. Spectacular shows in Thai Festival

  4. Classic cars, sexy girls highlight auto show

  5. A glimpse of hard security guard training

  6. HNA Group buys 48% stake in French airline

  7. Earliest four-legged animal fossil out

  8. No shots, please. I'm scared

Most Popular


  1. Commentary: Remedies for economic challenges
  2. San Francisco treaty doesn't help Japan
  3. Public angered over Chinese 'forced kowtow'
  4. Environment anger shows need for reform
  5. Sino-US relations tainted by falsehood
  6. Foreign funding only short-term fix
  7. China's slowdown 'beneficial'
  8. China's development benefits all: U.S. city official
  9. Vested interests must not prevent gaokao reform
  10. Economic strains put Hollande on back foot

What’s happening in China

Chinese Muslims prepare to celebrate Eid

  1. Bank of China in New York sued by terror victims
  2. Applicants for welfare to face tougher scrutiny
  3. Grad school graduates applying for menial jobs
  4. Most Android users not interested in iPhones
  5. More than 7,600 applicants compete for one job