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Subject: Does China face widening income gap?
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chairman
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Does China face widening income gap?
China suffers widening income gap
(Xinhua)
Updated: 2007-01-07 18:08
A report by the Chinese Academy of Social Sciences (CASS) shows that China's worrisome income gap is showing no signs of narrowing despite government efforts to bridge it.
China's income disparity is close to that of Latin America's, says the CASS report which investigated 7,140 households.
Growing at double-digit rates China's economy has become the world's fourth largest, yet it is grappling with the disparity between the haves and have-nots, which has widened dramatically over the past 20 years.
The richest 10 percent of Chinese families now own more than 40 percent of all private assets, while the poorest 10 percent share less than two percent of the total wealth.
In 2005, the average annual per-capita income of urban residents in Beijing was 17,653 yuan (2,263 US dollars) while people in China's Qinghai Province earned an average of only 8,057 yuan (1,033 US dollars) a year, government statistics show.
The gap between urban and rural residents is even larger. Farmers in Qinghai reported an average annual per capita income of 2,165 yuan (277 US dollars) in 2005, just 25 percent of what local urban residents earned.
Increasing medical costs have become the biggest burden facing Chinese people. The report shows that 11.8 percent of the household expenditures go to health care, higher than communications and education.
According to a recent survey jointly conducted by the China Youth Daily and Sina.com.cn, nearly 90 percent of Chinese people are alarmed by the the gap between the haves and the have-nots.
About 80.7 percent said it was time to correct the imbalances, while only 14.1 percent believed "there is no need to change."
China's government has made narrowing the income gap one of its top priorities and a corner stone to building a harmonious society.
China's Gini Coefficient, an indicator of income disparity, has reached 0.496, according to the report carried by Elite Reference, a weekly newspaper run by the China Youth Daily.
The Gini Coefficient uses zero to indicate equal income distribution while one represents the largest income disparity.
According the World Bank, China's Gini Coefficient was 0.45 in 2005. The index in India is 0.33, the United States 0.41 and Brazil 0.54.
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Last edited by chinadaily at 2007-1-11 11:21 AM
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2007-1-8 07:12 AM
#1
chairman
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Low-income relieved from tax burden
Low-income relieved from tax burden
(Xinhua)
Updated: 2007-01-07 09:13
The revised personal income tax law has benefited up to 20 million medium- and low-income citizens, relieving them from tax burdens and helping promote social equality, according to the State Administration of Taxation (SAT).
SAT figures show that personal income tax revenue totaled 245.232 billion yuan in 2006, up 17.1 percent year-on-year, 11.8 percentage points lower than the growth rate of 2005. The threshold for personal income tax collection was raised from 800 yuan to 1,600 yuan as of Jan. 1, 2006, when the amended law took effect.
The revised law aims to narrow the widening gap between the country's rich and poor and adjust social property allocation through raising the monthly tax deduction line.
The SAT has enhanced tax levy on people with high income over the past year. Tax revenue from medium and low income people increased by 8.4 percent, while the collection from high income earners surged 33.9 percent.
The rapid growth in tax revenue is mainly contributed by the rise of people's income fueled by the booming national economy, and the strengthened supervision over collection rules, the SAT said.
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2007-1-8 07:15 AM
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greendragon
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A temporary problem....
...just do not loose our way...
continued urbanization...
increase size and productive value added mix of the rural citizen...
and we will reconfigure the BELL....
Green Dragon
2007-1-8 12:06 PM
#3
greendragon
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Honest, Intelligent and dedicated offcials needed...
2007-1-8 12:07 PM
#4
greendragon
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Above the Fray
2007-1-8 12:07 PM
#5
greendragon
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Who can read the Matrix
....and manipulate it....
2007-1-8 12:08 PM
#6
wjqlover
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fairness and efficiency are both important. Maybe in out country efficiency is more important,for our resource is limited.we must do much more thing under this situation.only do we develop our economy greatly,we can take great attach in fairness.
2007-1-8 01:57 PM
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zzxxll
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widening income gap
the gap between the haves and the have-nots is widening.
as a chinese young man, i think it is not easy to solve this problem.
it is a social problem more than a political problem.
2007-1-8 04:23 PM
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chairman
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zzxxll
Do you think...or agree with some...
that is needs to be more wide before it can be fixed..
or are you thinking it is too late to fix it..
?
----------------------
2007-1-8 04:35 PM
#9
zzxxll
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hi, chairman
it is not too late to fix it.
kind regards!
2007-1-9 10:11 AM
#10
chairman
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Good...you are right and correct....
it is not too late to fix it...
in fact it is a good time to start fixing it..
which has started...
the GAP needs to close...
and that needs to happen while we still have double digit figures..
-----------------------------------------------
2007-1-9 10:13 AM
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john618
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shorten the income gap
in our country ,the income gap is getting wider, i think we can shorten it throuth the method below
first : raise the monthly tax deduction more;
second :monitor the microeconomic person income severely and collect the monthly tax deduction on time
third:to develop the west economy greatly
2007-1-9 04:59 PM
#12
deananash
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Income Gaps...GOOD OR BAD???
What if, instead of being a "bad" thing, an increasing income gap was a "good" thing? Wait a second, before you say I'm crazy, here me out. Then you can let me have it.
First, you can read about America's ever-increasing income gap here:
http://academic.udayton.edu/race ... America/china03.htm
Okay, almost everyone (except the poor in America) will admit that the "poor" in America aren't really all that poor. They are only "poor" in comparison with their richer neighbors.
Now, let's look at China. Take my city, Shen Zhen. To be "poor" in Shen Zhen is to be "rich" in many of China's other provinces, such as Henan or Fujian.
Where do you think that the greater "income gap" exists, in Shen Zhen or in those two provinces? Of course, the answer is Shen Zhen. (I'm talking about tthe gap within that area - within Shen Zhen, or within Henan - NOT between them.)
The point is, in a free market, a widening income gap is a sign of a healthy market. Not only that, but because "a rising tide lifts all boats", the "poor" of Shen Zhen are notably richer than the "poor" of Henan, et al. Here, I am not just referring to economic wealth, but also to "quality of life" issues, such as streets, education, heathcare, etc...
So, instead of trying to reduce the income gap, perhaps we should be celebrating it and trying to discover how Henan, Fujian and all the rest can begin increasing their own gaps.
To paraphrase Deng Xiao Ping "To be rich is glorious." And I know he also referred to that newly created wealth as being (leading) the way out of China's poverty. He really was a great visionary.
2007-1-10 01:30 AM
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seneca
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So, Chairmansky quotes a Chinese source to state the obvious that visitors to China have been observing for years...
Ah yes, the emperor's subjects are not supposed to report to the old graybeard how badly they are off but when the emperor himself becomes aware of what's happening to his poorer relatives that run farms and little shops he appoints a Truth Finder from his own palace, and then it finally does become Facts...
Now we only need to nominate the culprits; surely they can't be found in the emperor's entourage? But the world is so big - yes, let's blame all those foreigners! The new circumstances of the nation are after all imported from outside.
2007-1-10 08:39 AM
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johnhoward
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Margaret Thatcher once said "You are not going to make the poor rich by making the rich poor"
Wealth division is an old problem and an universal one.The main thing is what caused the division .You don't want to be in a situation where no matter how hard you worked or how good you are academically you can not lift yourself up from the bottom.
What governments have to do, is
1.Make sure those who are getting rich are doing it in a sociable fair and legally way.Just rewards for just people.
2.Those who are not benefiting from China's new surge are not actually going backwards.
How to do this is simply firstly stop corruption.Yes I know every nation has corruption ,but at least stop the plain obvious corrupt deals that are made at the expense of others.Which even a blind man can see.This will help prevent resentment which can erode a soceity's fabric and tend to lead to social problems.
The government must provide the basics to people, no matter where they live.I would love to know what happened to free health care in China.I thought this was a fundamental.To me this is a case of the poor going backwards.
2007-1-11 09:37 AM
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luf2004
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deananash brings good points.
The income gap in China is becoming widen, it is true. But look into detail, we would find the gap is from few different things:
1. Unfair Social System - This is what we all know and frequently talked about such as corruption, poor or no social walfare system etc. This is what need to be fixed ASAP.
2. As deananash mentioned, the income gap between different areas. The average income in coastal provinces are way higher than western China's. If compare the middle class in coastal cities to poor farmers in western China, the gap would be as large as Americans to Somalians.
I am not sure if we could call it "unfair", probably we have to blame the god if we have to find someone to be blaimed. It will take long time to narrow down the income gap between coastal and western China.
3. Economy Transition - In some provinces such as my hometown in North East China, the economy is not as good as other coastal provinces but still much better than hinterland. The main character there is the econmy has suffered the transition from state owned economy to private. Many huge state owned companies have bankrupted whoch caused millions of laidoff workers in past 20 years. Now there are still many people live in poverty (mostly laidoff workers), but there are many people get rich from their private business. The income gap becomes larger and larger that some still in poverty and some get rich.
This type of income gap is a good thing, it is a start of economy development.
2007-1-11 10:39 AM
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carolrainbow
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widenning incoming gap
QUOTE:
Originally posted by
zzxxll
at 2007-1-9 10:11
it is not too late to fix it.
kind regards!
In my opinion, China's economy boosts fast with the help of overseas investment in most degree. Three decades ago, China was in the trouble with most Chinese people in the starvation, so many people can't accept high education in that time. China is on the truning points with so many historical problems. In the intellectually economic times, the incoming gap is still existing and can't be elimibated in a long time(let's imagin in 50 years). We can only adopt some policies to decrease the degree of imbalance, e.g. decrease the medical price and lower the house price, and crackdown on the corruption, etc. And Chinese government should adpot more policies for farmers and farm workers.
Please express your opinion on my statement.
2007-1-13 04:04 PM
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bobodudu
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the incoming gap is always there, sometime be dangerous to the society stability.
Personally I prefre the country to take more responsibility to her people, more social guarantee.
www.businessgiftware.biz
2007-1-13 08:17 PM
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tom2005
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QUOTE:
Originally posted by
zzxxll
at 2007-1-8 16:23
the gap between the haves and the have-nots is widening.
as a chinese young man, i think it is not easy to solve this problem.
it is a social problem more than a political problem.
i agree with these,too!
2007-1-16 09:45 PM
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chairman
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Except for Seneca....
a lot of valuable opinions..
on an important subject..
idea vaariety and difference..
good to read..
we need more though...
2007-1-17 03:11 PM
#20
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