3rd Plenary Session of China's Communist Party emphasizes income redistribution for social harmony through upward mobility, education, minimum wage, job security, and pensions.
3rd Plenary Session of China's Communist Party stresses income redistribution for social harmony. Focusing on upward mobility, education, minimum wage, job security, and pensions, the government seeks to reduce wealth concentration. Income redistribution aims to support the poor, not tax the middle class, as free market economy and liberalization need balance with social responsibility.
July 22, 2024
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