Reflection on Making Every Effort to Increase Individual Income
Wei Xiu-la
Abstract
Wei Xiu-la
Abstract
The report of the Eighteenth National Congress of the Communist Party of China proposes that we should make every effort to increase individual income and the report also points out the breakthrough and top priority for solving the major problems of China's income distribution,which is vital to strive for common prosperity,complete the building of a moderately prosperous society in all respects and safeguard social fairness and justice. To make every effort to increase individual income,we must boost individual income growth,adjust the structure of individual income distribution,increase individual income through multiple channels and improve the way in which income is distributed,and we should increase individual income in step with economic development and work remuneration in step with improvement in labour productivity so as to ensure that the people share in the fruits of development.
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The report of the Eighteenth National Congress of the Communist Party of China proposes that we should make every effort to increase individual income and the report also points out the breakthrough and top priority for solving the major problems of China's income distribution,which is vital to strive for common prosperity,complete the building of a moderately prosperous society in all respects and safeguard social fairness and justice. To make every effort to increase individual income,we must boost individual income growth,adjust the structure of individual income distribution,increase individual income through multiple channels and improve the way in which income is distributed,and we should increase individual income in step with economic development and work remuneration in step with improvement in labour productivity so as to ensure that the people share in the fruits of development.
Key concepts: Prosperity, Remuneration, Income distribution, Distribution (mathematics), Income in kind, Passive income, Comprehensive income, China