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E-mail Xinhua, November 8, 2012
As China's economic take-off has been largely propelled by cheap labor in past decades, Chinese workers have remained at a disadvantage in terms of income distribution.
With more wealth in the treasury, the government can build up public infrastructure and improve public services, while financially capable corporations can expand their production and boost the economy, experts say.
Hu made it clear Thursday morning that China must deepen income distribution reforms and increase individual incomes in step with economic development.
"We should raise the share of individual income in the distribution of national income and increase the share of work remuneration in primary distribution," Hu said.
An overall income distribution reform plan is expected to be released at the end of the year.
Delegate Liu Ke took the target as a signal that the people's wellbeing will occupy a more prominent position in China's future reforms.
"It is in line with the requirements of scientific development, the essential target of which is to benefit the people," he said.
To realize the target, Hu said China will strive to increase contributions made through scientific and technological progress to economic growth and turn China into an innovative country.
Under the Party's blueprint, China should basically accomplish industrialization, significantly expand IT application and markedly improve the quality of urbanization by 2020.
Notable progress should also be made in modernizing agriculture, and a basic mechanism for promoting balanced development between regions should be in place, Hu said.
The biggest challenge facing the target, delegate Song Changrui said, will be downward pressure in the Chinese economy.
"For the wellbeing of all, Chinese people should unite and double their efforts to advance economic restructuring for a sustainable future," he said.
SOCIAL JUSTICE AND FAIRNESS
Delegate Lin Duo said social justice and fairness would be a welcome byproduct of economic reforms.
"If the fruits of China's economic reform and opening up can benefit all Chinese equally, both overall living standards and social harmony will improve," he said.
According to Hu, the upcoming reforms will strike a balance between efficiency and fairness in both primary and secondary distribution, with particular emphasis on fairness in secondary distribution.
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