At present, China finds itself at a crucial moment of development. Economic growth should embody the requirement of "sound and fast" development, whose prerequisite should be reasonable and orderly income di...At present, China finds itself at a crucial moment of development. Economic growth should embody the requirement of "sound and fast" development, whose prerequisite should be reasonable and orderly income distribution. Theory and the experience of other countries show that when making the transformation from a moderate to high income society, wide income distribution discrepancies may hinder economic growth. To avoid falling into this trap, China needs to strike a balance between utilizing both market mechanisms and government regulation to achieve a "fair" and "efficient" income balance during the rudimentary and redistribution phase.展开更多
文摘At present, China finds itself at a crucial moment of development. Economic growth should embody the requirement of "sound and fast" development, whose prerequisite should be reasonable and orderly income distribution. Theory and the experience of other countries show that when making the transformation from a moderate to high income society, wide income distribution discrepancies may hinder economic growth. To avoid falling into this trap, China needs to strike a balance between utilizing both market mechanisms and government regulation to achieve a "fair" and "efficient" income balance during the rudimentary and redistribution phase.
