The Wealth Gap: Identifying the Problems, Proposing Reforms
Improving China's income distribution cannot be accomplished by relying solely on adjustments to wages and the personal income tax. It needs a comprehensive plan.
In recent years, the government has adopted a number of policies to assist society's vulnerable groups, accelerating income growth for low-income residents, and narrowing the gap between high- and low-income earners. This is a good sign. But due to a number of systematic issues that have not been resolved, the income distribution landscape remains chaotic, and the absolute income distribution gap continues to grow. The resulting Gini coefficient for urban residents has entered a dangerous range. This is a very serious challenge for social justice, stability and economic development in China.
- Deadly Twister
- Intensifying Battle over Who Controls Vanke
- In Sino-African Resource Trade, China Needs a Mindful Approach
- The Illogic of Consumption as a Growth Driver
- Support Plan for Idled Industrial Workers
- Shanghai Taxi Service Clashes with Car-Hailers
- Digging Up Death, Extortion in China's Mines
- Chinese Euro Soccer Investors Going for Gold
- Sexually Abused Teens: China's Tragic Taboo
- China Awards First Licenses for Mutual, Cooperative Insurers
- Sign up to receive our free daily newsletter
- Views: What Do Chinese Women Think of Hillary Clinton?
- China Seeks Assurances Against Possible Debt Default by Venezuela
- Mother's Fight to Exonerate Executed Son Highlights Gaping Holes in Justice System
- Lackluster Sales Signal Xiaomi's Growing Pains
- China in Major Expansion of Yuan Conversion Pilot Program
- Lessons from South Korea for China's Economic Rebalancing Act
- China Life Insurance Joins Race to Take Chinese Healthcare Provider off NASDAQ
- Chinese High Speed Rail Builder Doubts U.S. Partner's Sincerity
- Investor Pain over Mobile Medical App Strain
- Anti-Corruption Drive, Frugality Campaign Sap Banks of VPs