Date
21 October 2018

China to tackle income inequality, paper says

China is expected to launch detailed measures on income redistribution after the third plenary session of the 18th CPC Central Committee, the China Securities Journal reported Monday, citing unnamed sources. The measures will focus on improving the welfare of low-income groups and include increases in minimum wage levels and greater expenditure on medical care and education. Central-government-controlled enterprises will also be expected to pay more in dividends to the treasury, with the payment ratio to be raised by around 5 percentage points from present levels. Some of the payments will be used for social welfare, the report said.

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