Premier: China to narrow wealth gap in economic development
www.chinaview.cn 2009-02-28 17:07:46   Print

Premier Wen gives online interview at Xinhuanet, Gov't Portal

Profile: Chinese Premier Wen Jiabao   

Premier Wen's Highlights

Chinese Premier Wen Jiabao holds an online chat with netizens jointly hosted by the central government website and Xinhua website in Beijing, China, Feb. 28, 2009. (Xinhua/Yao Dawei)
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    BEIJING, Feb. 28 (Xinhua) -- Chinese Premier Wen Jiabao said on Saturday that narrowing the gap between the rich and the poor could not be achieved "in a static state" and should be conducted alongside with economic development.

    Wen was in response to a question about the income gap while chatting with netizens at the central government website (http://english.gov.cn) and the Xinhua News Agency website (http://www.chinaview.cn ).

    Wen acknowledged that China's social and economic development does have the problem of "imbalanced, discordant and unsustainable" growth.

    The major problem is the imbalance between different regions, between the urban and the rural areas and the income imbalance, he said.

    "A just society should enable all citizens enjoy the fruits of reform and development," he said.

    Wen went on quoting Adam Smith's Theory of Moral Sentiments, saying that if the wealth of a society is concentrated in the hands of a small number of people, then this is against the popular will, and the society is bound to be unstable.

    "Therefore, we are highly concerned with the problem of the gap between the rich and the poor," he said.

    He said he didn't believe justice and equality could be achieved without social development.

    "Only by development and progress, could people be helped out of poverty," said Wen, promising the government will gradually narrow the gap between the rich and the poor on track of economic development.

    Wen said the problems facing agriculture, rural areas and farmers are high on the agenda of the Chinese Party and government and the problems also concern the foundation of China's economic development.

    To increase farmers' income, Wen said China will continue to increase subsidy to farmers. "Various subsidies to farmers reached10.28 billion yuan (1.51 billion U.S. dollars) last year and the figure will reach 12 billion yuan this year," he said.

    China will also increase grain price by a big margin to protect farmers from the impact of international grain price drop, Wen said.

    Other measures include 40 billion yuan in subsidy to farmers who buy home appliances, farming vehicles and motor vehicles, Wen said. The policy was designed to stimulate rural consumption to boost domestic demand as exports weaken amid the financial crisis.

   Premier Wen calls for joint efforts with Taiwan to fight financial crisis

    BEIJING, Feb. 28 (Xinhua) -- Chinese Premier Wen Jiabao said here Saturday that he hoped the mainland and Taiwan could join hands to cope with the international financial crisis.

    The mainland and Taiwan should set up an economic exchange and cooperation mechanism through negotiation, he said.

   Chinese Premier confident in China's capital market

    BEIJING, Feb. 28 (Xinhua) -- Chinese Premier Wen Jiabao said here Saturday he has confidence in China's capital market, noting the government has the responsibility to establish a fair, equitable and transparent market environment.

    The performance of Chinese shares are decided by the economic fundamentals and company profitability, Wen told a netizen grieving over his huge losses in current sluggish stock market during an online chat.

 Premier shows concern over jobless migrant workers, encouraging self-employment 

Chinese Premier Wen Jiabao holds an online chat with netizens jointly hosted by the central government website and Xinhua website in Beijing, China, Feb. 28, 2009. (Xinhua/Li Xueren)
Photo Gallery>>>

    BEIJING, Feb. 28 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday showed his concern over the country's jobless migrant workers and other unemployed people and encouraged them to start self-employment.

    Wen said he had been deeply concerned over the employment issue, including those of migrant workers, college graduates and jobless urban families.

 Premier says private capital, businesses should be boosted to cope with financial crisis 

    BEIJING, Feb. 28 (Xinhua) -- Chinese Premier Wen Jiabao said Saturday private capital and priviately-owned businesses should be boosted to cope with the ongoing global financial crisis.

    Wen made the remarks while hosting his first-ever online chat with the public.

Editor: Bi
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