Causes and Explanations of Changes in China’s Income Distribution Pattern over the Last 40 Years
Heng Quan ()
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Heng Quan: Shanghai Academy of Social Sciences
Chapter Chapter 4 in Forty Years of Renovating the Income Distribution in China, 2021, pp 113-138 from Springer
Abstract:
Abstract Since it embarked on reform and opening-up in 1978, China has tested and proved through practice the effectiveness of its national strategy to allow some people and regions to get rich first. Through effective income distribution reform, China has ensured the people’s basic livelihood needs, but also led its people on the path toward prosperity, laying a solid foundation for building a moderately prosperous society in all respects. In 2016, China became the world’s second largest economy.
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-33-6244-4_4
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DOI: 10.1007/978-981-33-6244-4_4
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