Old Version
Fairness should be at the center of any reform to China’s personal income tax code
China’s personal income tax is so unfair that it exacerbates income inequality and social injustice
Successful SOE reform requires splitting government and enterprise
Even if an SOE is an economic failure, its leaders face no real consequences, as many of them are given posts at non-SOE government agencies. Equally, there’s no benefit for them if a SOE runs very well.
Government needs to listen to public anger over smog
As clean air and a clean environment have become new aspirations for the public, it is time for the government to rethink and reform its fundamental approach to growth.
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China needs a fairer and more balanced tax code
The unfair tax burden on the middle class is not only a major obstacle to the government’s efforts to boost domestic consumption, but has also limited the expansion of the middle class, which is considered the backbone of the country’s social stability and prosperity
Forgotten children are too high a price for growth
The problems might be local, but they have national roots, such as the institutional barriers that keep migrants from accessing family services where they work, and the poor education and social welfare systems in China’s vast countryside.
New free trade zones key to pushing forward economic reform
By expanding the FTZs to inland and less-developed provinces, where the level of local governance has lagged behind the prosperous coastal region, it could propel the deepening of regulatory reform in these regions, thus providing new sources for growth.