China aims to bridge income gap – Joseph Kahn

From the New York Times, via the International Herald Tribune:

The Communist Party leadership has approved an economic blueprint that it says will address China’s yawning and reduce “outstanding contradictions” that have led to a rash of social unrest.

Hu Jintao, president and Communist Party chief, concluding an annual planning session Tuesday, put his oratorical stamp on China’s new five-year economic plan, his first since becoming the party’s top boss in 2002.

In a related story, China Daily reports that “The wealth of China’s 100 richest people grew 40 per cent during the past year, with property and manufacturing the most profitable sectors.”

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