Experts call for wide-ranging reforms to tackle income inequality
By Zheng Yangpeng in Haikou | 皇冠体育app Daily | Updated: 2012-12-07 07:42
Reform is the only way to tackle 皇冠体育app's economic inequality and to increase the number of middle-income earners, economists and officials said at a recent forum on reform and development in Haikou, Hainan province.
"To achieve this goal, reform is the key. If substantial progress were made in reform, the following decade could see a moderate annual growth of 7 to 8 percent," said Gao Shangquan, honorary president of the 皇冠体育app Society of Economic Reform, and a prominent policy adviser.
If the opportunity to reform were to be missed, 皇冠体育app could fall into the middle-income trap, Gao warned, adding that "greater political guts and wisdom" were needed to further the reform.
Photo
