Reducing Inequality in the People's Republic of China through Fiscal Reform
Asian Development Bank | March 2013
Abstract
This policy note highlights the crucial role that fiscal policy could play in efforts to reduce income inequality, both directly and indirectly, through raising revenues for progressive programs.
Inequality in the People’s Republic of China (PRC) has increased over time. The government recently reported that the official measure of the Gini coefficient reached 0.47 in 2012 from 0.32 in 1990. High and increasing income inequality would be detrimental to both the creation of a harmonious society and long-term economic growth.
In February 2013, the State Council released guidelines to reform the income distribution system and narrow the income gap. Central to the guidelines is a comprehensive set of policy actions to tackle income inequality through a combination of fiscal and legislative reforms to balance income distribution.
Without comprehensive policy adjustments, inequality is unlikely to moderate. This policy note highlights the crucial role that fiscal policy could play in efforts to reduce income inequality, both directly and indirectly, through raising revenues for progressive programs. Reforms in taxation and fiscal expenditure will be vital to reducing inequality effectively.
Citation
Asian Development Bank. 2013. Reducing Inequality in the People's Republic of China through Fiscal Reform. © Asian Development Bank. http://hdl.handle.net/11540/604. License: CC BY 3.0 IGO.Keywords
Gender
Gender Bias
Gender Differences
Gender Discrimination
Gender Equality
Gender Gaps
Gender Inequality
Gender Issues
Gender Relations
Gender Roles
Comparative Analysis
Social Research
Sex Discrimination
Employment Discrimination
Women's Rights
Equal Opportunity
Equal Pay
Feminism
Men's Role
Women's Role
Gender-based analysis
Sex differences
Job bias
Equal employment opportunity
Fair employment practice
Job discrimination
Affirmative action programs
Sex dicrimination against women
Pay equity
Sexism
Equal rights amendment
Emancipation of women
Equal rights
Women's movements
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