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  1. Premier targets social inequality

    Posted Mar 06th 2004, 12:00am by Staff Reporter

    ... at the opening of the National People's Congress, Mr Wen said the Sars crisis had exposed weaknesses in the nation's economic and social makeup and given him a clearer picture of what he needed to accomplish. 'The spread of Sars exposed the disparities in the economic and social development of our country,' he said. 'We promptly made necessary adjustments to the government's ...

  2. Economic growth fails to allay fears over job prospects

    Posted Jun 30th 2005, 12:00am by Staff Reporter

    ... as their top concerns. More than 95 per cent of those surveyed said increasing social inequality driven by these three factors made them concerned about the future. ... students this year compared to last, the China Youth Daily said. The Ministry of Labour and Social Security has predicted that this year the registered urban unemployment rate will hit 4.6 per ...

  3. Achieving social equity to test political courage of leadership

    Posted Oct 03rd 2005, 12:00am by Wang Xiangwei

    ... and funds to boost employment and strengthen social services such as education, health care and public safety. The aim is to ease social inequality and narrow the wealth gaps between the rich and the poor, and urban and rural communities which have fuelled unrest across the country. The clear hope is that seeking a more rational distribution of wealth and opportunity will boost social ...

  4. Bankers bracing for challenging times ahead

    Posted Jun 01st 2012, 12:00am

    ... of the population is over 60. By 2050, more than a third of the country's population, or about 450 million people, would be over 60. Policymakers also face a bumpy road as they grapple with social inequality, and try to rebalance the economy and protect the environment, as set out in its 12th five-year plan. Speaking at the same forum, Liu Mingkang, former chairman of the China Banking ...

  5. Rivals face journey into the unknown

    Posted Jan 09th 2012, 12:00am

    ... approach to livelihood issues linked to social unrest, such as economic inequality and unaffordable housing, the latter also being a middle-class issue. Both men have also said ...

  6. A fair chance at a decent job: is it too much to ask?

    Posted Jun 06th 2011, 12:00am

    ... 90 per cent are widening, with the middle class squeezed in between. There are limits to how much inequality a society's social fabric can bear. The limits are approaching or have been ... the current growth model has become economically inefficient, socially unstable, environmentally damaging and politically unsustainable. People are rightly demanding more fairness. Yet, ...

  7. ADB pulls back on growth forecast

    Posted Apr 12th 2012, 12:00am

    ... said. 'Inequality can weaken growth by undermining social cohesion, worsening the quality of governance. If this trend continues, Asia may lose its strong point [of high growth with low ... not need to resort to another financial and monetary stimulus policy as it did during the global financial crisis of 2008, Rhee said. 'Asia is facing a new challenge, rising inequality ...

  8. Wall Street protests deserve support

    Posted Oct 07th 2011, 12:00am

    ... as they completely destroy shareholder value and run their companies into the ground. They have created the most extreme inequalities in the industralised world. They have subverted democracy and capitalism, the very twin social-economic systems that America has been trying to sell the world since the collapse of the Berlin Wall. The responses of the US government and the Federal Reserve to the Western ...

  9. Tap the potential of the masses to lift growth

    Posted Nov 29th 2011, 12:00am

    ... Vinod Thomas In the diverse forces driving social unrest around the world this year- the Arab Spring, the Occupy Wall Street protests and the growing concerns about inequalities across ... and across Asia, rising inequalities are proving to be a destabilising force. There is also the fear that actions to reduce inequality will block growth itself. That is why it is important to see ...

  10. It's well past time to put the Gini back where it belongs

    Posted Apr 12th 2012, 12:00am

    ... pre-occupation; it inflicts real economic and social damage. The ADB estimates that if China's economic growth between 1990 and 2008 had been achieved with no increase in inequality, an additional ... a day. The achievement is undeniably impressive, but China has paid a heavy price for it in terms of ballooning income inequality. While a third of the population still lives on less than US$2 ...




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