Policy

China to raise earnings of middle-and-low income groups

(Xinhua)
Updated: 2009-12-10 10:38

Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.

License for publishing multimedia online 0108263

Registration Number: 130349

)

Print

Mail

The Chinese government is to raise the earnings of the middle and low income groups to boost consumer spending, said a senior economic planning official in Beijing on Wednesday.

Zhang Ping, minister in charge of the National Development and Reform Commission (NDRC), the country's top economic planning agency, made the remarks at a national meeting on development and reform.

The government will step up research on the optimization of the income distribution mechanism to improve residents' spending capability, Zhang told the meeting.

The government will also raise the pensions for enterprise retirees and improve treatment for those who enjoy special care, Zhang said, adding the government will continue to make improving people's livelihood a priority in 2010.

He said the government will exert more efforts to well address problems that have close bearing on public interests and ensure that all public members share the fruits of the development and reform, so as to safeguard social harmony and stability.

He noted more affordable housing will be offered to middle and low income families, and efforts will be stepped up to curb speculation in housing transaction.

The reconstruction of urban shantytowns, obsolete industrial and mining districts, as well as forestry regions will continue. Nomads will be encouraged to settle down, he said.

Zhang also said the government-led investment should play a bigger role in job creation. The basic social pension system should be completed to ensure social security.

Participants to the annual Central Economic Work Conference which concluded Monday agreed to fully implement and continuously improve the stimulus package and policies to cope with global financial crisis and boost development, and strengthen the role of domestic demand, especially consumption demand, in driving economic growth.