Subscribe free to our newsletters via your
  China News  

Subscribe free to our newsletters via your

China Says Income Gap Between Rich, Poor At 'Alarming' Level

"China is still lacking an income adjustment mechanism," Professor Li Yingsheng of the Renmin University of China told Xinhua.
by Staff Writers
Beijing, China (AFP) Feb 06, 2006
The income gap between rich and poor in China's cities has reached an "alarming and unreasonable level," state media said Monday, citing a high-level government report.

The poorest 20 percent of the urban population get only 2.75 percent of the total urban income, the National Development and Reform Commission said in its report, the Xinhua news agency reported.

The actual figures may be even more biased against the urban poor, as the income may be underestimating the extent of China's growing income gap, the commission said.

"China is still lacking an income adjustment mechanism," Professor Li Yingsheng of the Renmin University of China told Xinhua.

Taxation, one of the most widely used methods of income adjustment, is also being used for this purpose in China.

China's parliament last year revised a tax law that doubled the threshold for payment of personal income tax to 1,600 yuan (197 dollars) a month to ease the financial burden on the country's poorest.

Source: Agence France-Presse

Related Links

Oops! Museum Bans Visitor After Prize Collection Smash
London UK (AFP) Feb 06, 2006
A hapless visitor who accidentally smashed a set of rare 300-year-old Chinese vases at a British museum after tripping up on his shoelaces said Monday he has been banned from returning.

  • Rumsfeld Defends US Military Readiness
  • China Protests US Military Report
  • India Uses IAEA Vote To Foster Relations With US
  • China's Internal Problems Haunt US

  • China Urged To Reform US Trade Deficit
  • Shanghai Economy Soars In 2005
  • Lots On China, Few Star Names As Davos Forum Wraps Up
  • Analysis: China's Once-Latent Economic Past

  • US Military To End Pakistan Relief Operation
  • Storm-Ravaged New Orleans Seeks To Reverse Social Ills
  • Disaster Convention Warned On Urbanisation Risk
  • Tsunami Victims' Rights Abused?

  • Shenzhou VI Orbital Module Works Well 100 Days
  • Shanghai Boosts Development Of Space Industry
  • 2007 Moon Rocket Production Kicks Off
  • Taikonauts On Moon A Far Off Dream For China Yet

  • Three Gorges Dam To Be Completed Ahead Of Schedule
  • Brazil Seeks To Bolster Ethanol Sector
  • Polymer Membranes For Hydrogen Purification Could Lower Production Costs
  • New Material Brings Hydrogen Fuel, Cheaper Petrochemicals Closer

  • Hong Kong Steps Up Bird Flu Searches
  • Deadly Meningitis Outbreaks In Drought-Stricken Kenya, Uganda
  • 1,500 Cholera Cases In Flood-Hit Mozambique
  • Seventeenth Avian-Flu Death In Indonesia

  • Interest Revives Worldwide In Nuclear Energy
  • Toshiba To Pay Double For Westinghouse
  • U.K. Opens Debate On Nuclear Power
  • U.S. Pushes For More Nuclear Power

  • Coal Mine Blast Kills 23 In North China
  • China To Close 4,000 Small Coal Mines Annually
  • Seven Arrested After China Coal Mine Disaster
  • Chine Mine Blast Kills 54

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement