Income Gap Rings Alarm
A plan to curb the yawning wealth distribution will be drafted, according to officials with the National Development and Reform Commission (NDRC) who declined to give a timetable. The efforts come as experts warn that the nation can ill-afford a growing disparity in earnings.
Such a plan could be written into the country’s next Five- Year Plan for 2011-15, according to the 21st Century Business Herald newspaper.
State media outlets have featured intensive coverage on the issue, with the latest report appearing Tuesday in the overseas edition of People’s Daily, which commented that China is faced with a growing income gap and an accompanying sense of social inequality despite a steady growth since the 1980s in the national average salary.
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