男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Opinion

Escaping the income trap

(China Daily)
Updated: 2011-02-01 15:20
Large Medium Small

With its per capita gross domestic product (GDP) rising to about 30,000 yuan ($4,500), China is at a critical point if it is to avoid the middle income trap and push living standards closer to those of rich economies.

Robust economic growth in 2010 has allowed China much of the wherewithal to underpin an encouraging rise in average income levels.

But if the 12th Five-Year Plan (2011-2015) is to become a cornerstone for sustainable and inclusive development in the coming decades, Chinese policymakers should seize the current momentum of sound income growth to enrich people as fast and fairly as possible.

By narrowly outpacing the country's 10.3-percent GDP growth, Chinese farmers have gained themselves a bigger slice of the growing national wealth. Policymakers should build on this favorable trend of income growth to aggressively tilt the distribution of national wealth in favor of domestic consumers, especially those with less income.

Latest statistics show that the per capita net income for rural residents was 5,919 yuan ($896) in 2010, up 14.9 percent year-on-year, or an increase of 10.9 percent after deducting price factors. That means, for the first time in a decade, Chinese farmers' income growth has surpassed that of urban residents who earned 11.3 percent more last year, or 7.8 percent in real terms.

But such a change is certainly far from enough to make a substantial dent in the country's widening urban-rural income gap. Farmers still earn one third the income of urban residents on average.

Related readings:
Escaping the income trap Chinese urban residents' per capita income grows 7.8% in 2010
Escaping the income trap Survey finds a yawning income gap
Escaping the income trap Personal income tax reform won't alter threshold
Escaping the income trap China to guarantee subsistence for low-income groups

However, it does signal a crucial shift in the distribution of the country's growing national wealth in favor of the poor. Small as it is, without such incremental improvements in income distribution, China's efforts to boost domestic consumption into a leading growth engine would be to no avail.

Keeping that in mind, the Chinese authorities have pledged that in the new five-year plan period incomes will "keep pace with economic growth" and wages will "increase in line with improvements of productivity".

A lesson that policymakers should draw from many other countries' failure to escape the middle-income development trap is that no efforts should be spared to fight the growing wealth gap.

Though different countries have to follow their own development paths due to their own national conditions, widening income disparity may be unavoidable for developing countries in their early years of economic growth. But all the roads that lead to common prosperity feature a period of rapid income growth that also helps narrow wealth disparity.

After three decades of sizzling economic growth, it is time for China to transform its economic model toward fairer, more consumer-led growth.

分享按鈕
主站蜘蛛池模板: 桑日县| 马山县| 剑阁县| 东光县| 白水县| 芜湖县| 吉木乃县| 修武县| 黄大仙区| 长岛县| 通辽市| 霍山县| 和龙市| 容城县| 绥江县| 株洲市| 松阳县| 高碑店市| 万全县| 益阳市| 辰溪县| 福贡县| 喀喇沁旗| 景德镇市| 东莞市| 习水县| 姚安县| 金坛市| 车险| 大冶市| 房产| 城固县| 桓台县| 梁河县| 平湖市| 泸州市| 泾源县| 莲花县| 石渠县| 莫力| 通榆县| 自治县| 黄大仙区| 齐河县| 延津县| 永川市| 竹溪县| 即墨市| 玛纳斯县| 城口县| 永康市| 尉犁县| 宣汉县| 秦皇岛市| 米林县| 霍林郭勒市| 财经| 金湖县| 镇江市| 余江县| 巴中市| 桂东县| 吉木萨尔县| 获嘉县| 循化| 旬阳县| 道孚县| 重庆市| 武冈市| 谷城县| 普兰店市| 合阳县| 五家渠市| 广安市| 六盘水市| 凌海市| 凤阳县| 桃源县| 宜宾市| 惠东县| 株洲县| 即墨市|