The State Council has approved guidelines submitted jointly by the National Development and Reform Commission, the Ministry of Finance, and the Ministry of Human Resources and Social Security,...
- Thu
- Oct 3, 2013
- Updated: 4:04pm
The State Council on Tuesday issued guidelines on the long-awaited income distribution reform, vowing to increase minimum wages, limit the incomes of senior managers in state-owned enterprises and...
The State Council on Tuesday approved long-delayed guidelines to reform the mainland's income distribution system, under which wages will be raised and state-owned enterprises will be required to...
Rural per capita net income rose 10.7 per cent, against a 9.6 per cent increase for urban dwellers, partly because of the rise in migrant labourers and their wages, the National Bureau of...
French President Francois Hollande's threatened income tax of 75 per cent for the wealthiest citizens has driven actor Gerard Depardieu to Russia, where the flat rate is just 13 per cent.
China's wealth gap has widened to a level where it is among the world's most unequal nations, a survey has revealed.
Opinion
The chasm between China’s rich and poor has widened to alarming levels, according to survey results released by the Survey and Research Centre for China Household Finance.
The mainland's double-digit economic growth of the past few decades may never be repeated, say an increasing number of economists at home and abroad.
Developers were the star performers on the stock market yesterday after premier-in-waiting Li Keqiang said urbanisation would drive most of the country's development in the next decade.
While Hu Jintao's goal of doubling per capita income by 2020 is seen as a sign Beijing is paying attention to the poor, analysts said achieving it may not narrow the wealth gap if other, deep-...
In a nation where wealth confers immense power and privilege, it's no wonder policymakers are having such a hard time rewriting the rules to reverse a dangerously widening wealth gap.
It's not exactly catchy, but the name Mr China Income Distribution has become well known to those involved in the battle to close the country's wealth gap.
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