Income-fueled growth

Efforts to boost income growth are certainly needed as China tries hard to make domestic consumption a new growth engine. But no less important are redistribution efforts to enhance the purchasing power of the many low-income families.

The decision that Chinese authorities made at the recent Central Economic Work Conference to strengthen income redistribution next year has obviously struck a chord in the hearts of the public.

Even the worst global recession in several decades has not stopped the continuous income growth that Chinese people have been enjoying over the past three decades.