 |
|
 |
 |
 |
 |
 |
 |
 |
|
|
 |
0 Comment(s)
Print
E-mail Xinhua, November 8, 2012
China should improve the primary distribution system to allow factors of production such as labor, capital, technology and managerial expertise to have their due share of income according to their respective contributions, and China should take swift action to improve the mechanism for adjusting secondary distribution through taxation, social security and transfer payments, he said.
Reforms for the wage and salary system in enterprises, government bodies and public institutions will be deepened and collective bargaining for wages in enterprises will be promoted, Hu said.
He said said the Party will protect income earned through work and increase proprietary individual income through multiple channels.
"We should improve the way in which income is distributed, protect lawful income, increase the income of low-income groups, adjust excessively high income, and prohibit illicit income," he said.
Ungad Chadda, senior vice president of the Toronto Stock Exchange, a world leader in mining and energy financing, is closely watching the congress in order to better understand China's future growth prospects.
He said he has been looking at elements related to the emerging middle class, increasing migration into urban centers and an increased appetite for goods, all of which are critical to the market.
William Ratliff, a fellow at Stanford University's Hoover Institution and the Independent Institute, said one of the biggest challenges facing the government and the CPC will be figuring out how to steadily improve governance, the economy and living conditions in a rapidly changing world by balancing development.
Hu urged all Party members to use greater political courage and vision and discard any notions that could hinder efforts to pursue development in a scientific way.
"As long as we remain true to our ideals and firm in our conviction, never vacillate in our efforts or act recklessly, we will surely meet the goal," he said.
Go to Forum >>0 Comment(s)