What might an effective plan to reduce inequality look like? At its core would be efforts to steer more of China's income toward average families.
China's colossal pension gap is expected to increase its fiscal pressure and government debt risk with an ever-increasing aging population.
The South Beauty chief Zhang Lan recently sparked a debate on the emigration of rich Chinese after she was found to possess a foreign passport.
China Daily asks four experts to give their expectations for the ongoing UN Climate Conference in Doha.
The key to building a moderately prosperous society lies in the rural areas, according to a scholar with the top academic institute of the Communist Party of China.
Liberalizing interest rates would support economic restructuring through the proper pricing of risk, it also can reduce income inequality and improve social welfare.
In his opening speech to the recently concluded 18th National Congress of the Communist Party of China, former CPC general secretary Hu Jintao emphasized the goal to build a xiaokang, or moderately well-off, society by 2020. The specific goal is to double GDP and per capita income of rural and urban residents both. Xi Jinping re-emphasized the goal after he was elected CPC general secretary.
Infrastructure investment will regain pace next year in the wake of the country's economic transformation and the new government assuming its post, Moody's Investors Service said on Thursday.
Ivan Chung, a senior analyst with Moody's who specializes in infrastructure finance, said that China's demand for infrastructure investment will remain robust in the fourth quarter and next year, with economic growth back on track. Growth of accumulated fixed-asset investment was 20.5 percent in the first nine months of the year, compared with 24.9 percent in the same period last year.
For years, the abiding view of China has been of a workshop powered by waves of young migrants able to out-compete workers elsewhere in the world because of their low wages. This image is becoming increasingly wide of the mark.
Between June 2011 and 2012, China's Internet population reached 538 million, of which some 194 million had shopped online. Online retail sales in China have soared in recent years and are expected to hit $360 billion by 2015 - up from about $121 billion in 2011 - according to The Boston Consulting Group.
China cannot stand still. The new leaders must seek and embrace well-planned changes that encourage more growth and prosperity in China.
The fundamental question is whether a richer nation will also be a happier nation? The answer is: "Maybe".