Premier Wen Jiabao vowed yesterday to enable both rural and urban residents,
particularly the poor, to enjoy the sunshine of public finance.
This heartening remark reflected a significant shift in the Chinese
government's budget priorities from economic growth toward the welfare of the
people.
After years of fast economic expansion, China has become financially better
prepared to promote faster progress in social programs.
With a firm grasp of the burning problems that are of greatest concern to the
people, the Chinese authorities are now delivering the long-awaited changes
through a budget that ensures that all people share the fruits of reform and
development.
China's policymakers have attached increasing importance to addressing the
underdevelopment of various social causes in recent years. But the government
work report Premier Wen delivered yesterday distinguishes itself from its
predecessors with unprecedented stress on education, healthcare and other
crucial social programs.
A hefty educational investment plan has been announced. A total of 85.85
billion yuan ($11 billion) will be allocated from the central budget this year,
an increase of 41.7 percent over the previous year.
A proposal to double the central government's subsidy for the rural
cooperative medical care system has been put forward.
The establishment this year of a national basic minimum cost of living
allowance has been promised for rural residents.
All these social causes are of great and far-reaching significance in
promoting social fairness and building a harmonious society. Though the fiscal
support the central government currently provides may not be enough to fix these
problems any time soon, the new budget priorities point to strengthened and
sustained public financing for social programs.
An improved social security network for all can help narrow the widening
wealth disparity between urban and rural areas.
It can also enable the people to loosen their purse strings. Increased
domestic consumption is a precondition for the country to reduce its dependence
on export-led growth.