From The Chinese Press
Delicate issue of income parity
As the annual sessions of the National People's Congress and the Chinese People's Political Consultative Conference draw close, experts propose that people's overall income be increased during the 12th Five-Year Plan (2011-2015), because the plan states national wealth should be distributed more fairly, says an article in Shanghai Morning Post. Excerpts:
The most direct way of raising people's income is to transfer government revenue and companies' profits to families. Though more national wealth should be distributed among the low-income group, doing so would harm the vitality of the economy. If distribution is not done properly, it will increase low-income people's earnings in the short rather than the long term.