China’s 1% families control 41.4% of the national wealth, so the concentration is over the United States
According to the World Bank’s latest report, in the United States, 5% of the population control 60% of the wealth, whereas China’s 1% families control 41.4% of the country’s wealth, and wealth concentration is far exceeding than the U.S., one of most serious polarization countries all over the world.
China, a serious imbalance in the distribution of national wealth, income distribution of the distortions and the widening gap between the key “project thinking” The Return of the inverse of market power resource allocation. National wealth heavily skewed to a few interest groups, from one side of the system reflects the serious nature of corruption and monopoly of resources, depriving the vast majority of national development and competition. Only continue to promote the market, all the power to restrict within certain boundaries, so that ordinary citizens have equal opportunity to compete, and have greater choice and development space to solve the distribution of income is a serious injustice, disparity fundamental way .
Terry Gou Foxconn raise 5 billion, the minimum wage is increased to 2000 yuan
Ensure that employees with rest, increased wages and safeguard the rights of workers. For a long time, Foxconn is the local minimum wage standard as the basic salary of workers, and today this approach is a historic change. After starting on July 1 after 30% pay rise for workers, Foxconn, said that since October 1, the workers reach a certain performance standards will be an additional 66% pay rise, the Shenzhen factory of all ‘front line’ staff and wire length, Leader’s salary will increase to 2,000 yuan.
(G20) Geithner and IMF continue to put pressure on RMB appreciation
Group of 20 (G20) in last Saturday (June 5) communique issued by China’s exchange rate policy is not specifically mentioned, but the U.S. Treasury secretary and the International Monetary Fund (IMF) continue to exert pressure for RMB appreciation .
Geithner G20 colleagues in a letter addressed as well as after the comments have said that a more flexible RMB exchange rate is to promote balanced world economic recovery, the central link and the necessary factors.
He held a news conference in Busan, said that China’s ambitious reform plan designed to boost domestic consumption, thus economic growth will reduce dependence on exports.
“The necessary steps in the reform process is to restart the exchange rate mechanism reform, China has recognized this and starts up.”
International Monetary Fund (IMF), President Kahn (Kahn) also pointed out that the Chinese yuan underestimated. Kahn, said in an interview: “IMF still believes that the yuan is still undervalued in real terms even if the appreciation of 20-25% can not solve all the imbalances, China needs to do more, so this is only part of the problem is still There are other imbalances. ”
World Bank (World Bank) chief economist Justin Lin said that if China’s economy continues to grow, the real exchange rate of RMB will rise.
Translate (most links are in Chinese)