China pledges to narrow income gap
The Chinese government has issued a pledge to narrow the widening income gap between rich and poor, which includes raising its minimum wage and requiring state companies to turn over more profits to pay for social programmes.
The pledge on Tuesday promised more spending on health, education and job training but gave few details and no sign of how Beijing will enforce changes that might hurt state industry and other politically influential factions.
China Daily newspaper reported that the government is looking to lower the minimum wage of 40 percent of the current wage of $730 a month.
Communist leaders had been rumoured to be working on a plan but have faced resistance by state companies and their allies in the ruling Communist Party.
http://www.aljazeera.com/business/news/2013/02/20132651526148265.html
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