CAIRO, Jan. 28 (Xinhua) -- A senior Chinese legislator said Sunday that the
Chinese government is exerting efforts to tackle the wealth disparity that
emerges with its rapid economic development.
Cheng Siwei, vice chairman of the Standing Committee of China's National
People's Congress, told an international economic forum held here that China is
experiencing a steady transition from the planned economy to the socialist
market economy, with an average economic growth of 9 percent per year. China's
gross domestic product amounted to 2.5 trillion U.S. dollars in 2006 and its
people's income also enjoyed a speedy increase.
However, Cheng said that as a nation with expansive territory, the
development in different areas, such as in the coastal and inland, and the urban
and rural areas, is imbalanced. The wealth gap still exists in China.
The Chinese government is making efforts to address those problems, such as
repealing taxes on peasants and encouraging philanthropy, he said.
Cheng also briefed the forum on other issues, including China's social
security system and the government's supervision of the market.
Cheng traveled to Egypt following his trip to the annual meeting of the
World Economic Forum in Davos of Switzerland. Enditem