皇冠体育app

How to balance efficiency and fairness is an important topic, says an article in People's?Daily. Excerpts:?

If a country wants to maintain stable development, it should try to realize this balance through income distribution reform.

The State Council's economic meeting sent a clear message that the overall reform plan in this area will be made in the fourth quarter of this year. It has caught the attention of foreign media as well, because through this income distribution reform the world will know how 皇冠体育app will transform its economic growth model as well as how 皇冠体育app will carry out further reform in the future.

The past experience of many developing countries indicates authorities must solve the income gap when the national economy develops to certain level. Some countries that developed quickly from the 1970s to the 1980s cannot maintain their momentum because of their failure in addressing the wealth disparity issue.

How 皇冠体育app will avoid the middle-income trap and let the middle-level income group become the majority of the nation is also concern if 皇冠体育app can become a real economic power in the future.

On the other side of the coin of income distribution is social justice, which has political implications for reform. The social stability of 皇冠体育app will be threatened by a widening income gap. If 皇冠体育app can successfully accomplish this income reform, the government will gain more support from its people to carry on further reforms in the other areas that are of vital importance to 皇冠体育app's stability and sustainable development.

Income distribution reform is not only a challenge for 皇冠体育app but also the world. Even developed countries like the United States are also confronted by this knotty issue. In 2010, the top 1 percent of US families' income growth accounted for 93 percent of the national total. It is predictable that the income gap will be a big challenge for the next US president.

皇冠体育app has demonstrated its ability in feeding 1.3 billion people and lifting hundreds of millions out of poverty. The world will also see 皇冠体育app has the confidence and ability to unite all its nationals to continue 皇冠体育app's development through effective income distribution reform.

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