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Home >> China
UPDATED: 17:25, August 12, 2005
Expert urges restriction on hi-income group
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In his article on the latest issue of Outlook, Wu Zhongmin, head of sociology office with the Party School of the CPC Central Committee, called on tax and anti-trust measures against hi-income group to narrow the poor-rich gap which was widening too fast at an alarming extent.

Statistics of United Nations Development Programme (UNDP) show the most impoverished population, which account for 20 percent of China's total, only make 4.7 percent of income or consumption. That is a contrast with the fact that the 20 percent richest takes up 50 percent of the total income or consumption. Given this, Wu warned that the gap between the rich and the poor already went beyond acceptability.

By People's Daily Online


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