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Hu Jintao,General Secretary of the Central Committee of the Communist Party of China(CPC),pledged at the 17th CPC National Congress that the ruling party will spare no effort to deepen reform of the present income distribution system.Hu said this would help achieve a more balanced income structure for both urban and rural dwellers,which he regarded as a major guarantee of social equity.The 21st Century Business Herald,an influential Chinese business journal,invited Wang Dongjing,Director General of Economic Faculty at the Party School of the CPC Central Committee, and Su Hainan,an expert on income distribution from the Ministry of Labor and Social Security,to comment on the current problems facing earnings equity and the prospects of the ongoing distribution reform. Excerpts follow:
Hu Jintao, General Secretary of the Central Committee of the Communist Party of China (CPC), pledged at the 17th CPC National Congress that the ruling party will spare no effort to deepen reform of the present income distribution system .Hu said this would would help achieve a more balanced income structure for both urban and rural dwellers, which he claims as a major guarantee of social equity. The 21st Century Business Herald, an influential Chinese business journal, invited Wang Dongjing, Director General of Economic Faculty at the Party School of the CPC Central Committee, and Su Hainan, an expert on income distribution from the Ministry of Labor and Social Security, to comment on the current problems facing earnings equity and the prospects of the ongoing distribution reform. Excerpts follow: