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State-owned enterprises pay reform 国企降薪令(guo qi jiang xin ling)

Addressing the fourth meeting of the Central Leading Group for Comprehensively Deepening Reforms on Aug 18, President Xi Jinping said the income distribution system in State-owned enterprises will be gradually regulated to reduce the gap in the salaries of top-and bottom-level employees.

For long, it has been debated that the unreasonable salary structure and inadequate supervision system in SOEs have held back their development. SOEs have made great contributions to China's economic development, yet many critics say their pay structure is grossly unfair on two counts.