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Experience and Characteristics of China’s Income Distribution Reform over the Past 40 Years

In: Forty Years of Renovating the Income Distribution in China

Author

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  • Heng Quan

    (Shanghai Academy of Social Sciences)

Abstract

Over the past 40 years, under the leadership of the Communist Party of China, China has made remarkable progress in developing the income distribution system. In this process, China has continuously “liberated the mind” and “sought truth from facts”, trying to strike a balance between growth and distribution and use proper incentives to mobilize every participant in the economic and social development. The progress has maximized the driving force for economic growth, and fueled the overall economic reform and the development of socialist market economy. The income distribution reform and changes in interest relations have provided a strong motivation for growing the market economy and helped release and develop productive forces.

Suggested Citation

  • Heng Quan, 2021. "Experience and Characteristics of China’s Income Distribution Reform over the Past 40 Years," Springer Books, in: Forty Years of Renovating the Income Distribution in China, chapter 0, pages 181-199, Springer.
    • Handle: RePEc:spr:sprchp:978-981-33-6244-4_6
    DOI: 10.1007/978-981-33-6244-4_6
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