Chinese govt promises steps to bridge rich-poor divide | world | Hindustan Times
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Chinese govt promises steps to bridge rich-poor divide

With an increasing income gap dogging China's rapid growth, the Chinese government today promised effective measures to smoothen the redistribution of social wealth and increase the rural income.

world Updated: Mar 03, 2010 11:35 IST

With an increasing income gap dogging China's rapid growth, the Chinese government today promised effective measures to smoothen the redistribution of social wealth and increase the rural income.

The Chinese government report submitted by the National Development and Reform Commission at the bimonthly session of the National People's Congress (NPC) Standing Committee said that the government expects to raise farmers' income by increasing the minimum purchasing price of farm produce offered by the state reserve.

The government will also provide subsidies for farmers to buy new farming equipment and offer more loans to rural people, state-run Xinhua news agency said.

This year more assistance will be provided to families without a bread-winner and to those who lost jobs, it said.

The official report came as recent surveys including in the official People's Daily showed 91 per cent of rich families have strong political connections and have benefited from it.

Only 16 per cent of the respondents in the survey felt that "wisdom and hard work of family members" was responsible for the wealth of the rich families.

The survey stated that the ordinary people believe that the government crackdown on corruption and nepotism has not achieved much success, and there is discontent over the widening income gap.