china's economy

Time for China's have-nots to share success

Next week, a group of millionaires, billionaires and bureaucrats will convene at China's National People's Congress to address the problems of millions of Chinese who have been left behind by its economic growth.
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The have-nots: young students line up to get new winter clothes during a donation ceremony in Guizhou province (AFP)
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<div style="text-align: left;"> The have-nots: young students line up to get new winter clothes during a donation ceremony in Guizhou province (AFP) </div>

Economic and social stability are expected to be the main topics during the National People’s Congress NPC next week, when Chinese lawmakers will announce policies aimed at promoting citizens’ well-being and encouraging consumption.

The measures may include efforts to boost rural incomes, create jobs and promote private capital investment and consumption, several China economists have noted. All that sounds very encouraging, but the individuals who comprise the congress are not inspiring much confidence among the have-nots whose interests they are supposedly looking out for.

Indeed, the group mostly consists of billionaires, bureaucrats and film stars. When it comes to China’s elite, “the richer they are, the more...

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