Income Distribution Report Indicates Slowdown in Inequality Increase
A report on the impacts of policies that affect income distribution was launched at a workshop to promote equitable development in China. The report, entitled “China — Income Distribution during a Transition Period”, was undertaken by the China Development Research Foundation with support from UNDP, and places special emphasis on policies adopted since the turn of the century.
Christophe Bahuet, UNDP Resident Representative a.i., opened the workshop which saw national and international research specialists, government officials, and representatives of other UN and international agencies in China, engage in discussions on how best to reduce widening income gaps in China that have become a global trend of the world’s emerging economies. Some key findings of the report were also discussed including indications that income disparity is still increasing, but that the rate in which it is spreading has slowed somewhat in recent years. In addition, it was agreed that this slowdown represents a timely opportunity for China to capitalise on policy improvements that maximise income equality.