CHINA will improve its incomedistributionmechanism to narrow the wealth gap in the five years from 2011 to 2015, according to an official document released yesterday.

The document, the Communist Party of China Central Committee's Proposal for Formulating the 12th Five-Year Program for China's Economic and Social Development, was adopted at the Fifth Plenum of the 17th Party Central Committee last week.

China will strive to narrow income gaps between people in rural and urban areas, different regions and industries, the document said.

The country will increase residents' property incomes, boost employment, raise minimum wages, ensure workers' wages are duly paid and increased, as well as enhance the role of tax in regulating excessiveincomes, it said.

It will also improve the salary mechanism for government employees and deepenreforms of public institution workers' incomes, the document said.

The Party yesterday issued the full text of the proposal that will play a crucial role in shaping China's development over the next five years.

China should further reform its financialsystem to steadilypromote the market-oriented interest rate reform and enhance a market-based managed floating exchange rate regime, said the proposal.

The country should also improve its foreign exchange reserve management and gradually realize yuan convertibility under capital accounts, said the document.

China should acceleratereforms in economic and administrativemechanisms to help develop its market economy, it said.

The country should continue to uphold the public ownershipeconomy as the pillar, while creating an environment that allowed all types of ownership equal access to production elements, fair market competition and equal legal protection, said the document.

Efforts should be made to deepenreforms in the monopoly industries, and to encourage non-state-owned enterprises to participate in the reforms conducted in state-owned companies, it said.

More work should be done to enhance transparency and expand public participation in decision-making and to strengthenadministrative accountability, so boosting government credibility, the document said.

The government should speed up the construction of a fiscal and taxationsystem that helped transform the mode of economic growth, it said.

Authorities should promote resources tax reforms, start levying environmentprotection taxes, and study property tax reforms.

The committee also proposed to expand the scope of value-added tax and reduce business tax.

• income [´inkʌm] n.收入，所得 (初中英语单词)
• distribution [,distri´bju:ʃən] n.分配；分布(状态) (初中英语单词)
• wealth [welθ] n.财富，财产 (初中英语单词)
• yesterday [´jestədi] n.&ad.昨天；前不久 (初中英语单词)
• program [´prəugræm] n.说明v.为...安排节目 (初中英语单词)
• employment [im´plɔimənt] n.工作；职业；雇用 (初中英语单词)
• institution [,insti´tju:ʃən] n.建立；制定；制度 (初中英语单词)
• reform [ri´fɔ:m] v.&n.改革；改良；革除 (初中英语单词)
• financial [fi´nænʃəl] a.金融的，财政的 (初中英语单词)
• system [´sistəm] n.系统，体系，制度 (初中英语单词)
• steadily [´stedili] ad.坚定地；不断地 (初中英语单词)
• promote [prə´məut] vt.促进；发扬；助长 (初中英语单词)
• management [´mænidʒmənt] n.管理；处理；经营 (初中英语单词)
• economy [i´kɔnəmi] n.经济；机制；组织 (初中英语单词)
• competition [,kɔmpi´tiʃən] n.比赛；竞争 (初中英语单词)
• protection [prə´tekʃən] n.警戒；护照；通行证 (初中英语单词)
• encourage [in´kʌridʒ] vt.鼓励；怂勇；促进 (初中英语单词)
• strengthen [´streŋθən, ´strenθən] vt.加强 vi.变强 (初中英语单词)
• construction [kən´strʌkʃən] n.建设；修建；结构 (初中英语单词)
• document [´dɔkjumənt] n.公文；文件；证件 (高中英语单词)
• communist [´kɔmjunist] n.共产主义者 (高中英语单词)
• strive [straiv] vi.争取；努力；奋斗 (高中英语单词)
• minimum [´miniməm] n.最小量 a.最小的 (高中英语单词)
• excessive [ik´sesiv] a.过分的；极端的 (高中英语单词)
• deepen [´di:pən] v.加深；加浓 (高中英语单词)
• regime [rei´ʒi:m] n.政体；社会制度 (高中英语单词)
• pillar [´pilə] n.支柱 vt.用柱支持 (高中英语单词)
• environment [in´vaiərənmənt] n.郊区；周围；条件 (高中英语单词)
• access [´ækses] n.接近；通路；进入 (高中英语单词)
• monopoly [mə´nɔpəli] n.垄断(权)；专利事业 (高中英语单词)
• expand [ik´spænd] vt.张开；膨胀；扩大 (高中英语单词)
• taxation [tæk´seiʃən] n.征税；税制；税收 (高中英语单词)
• transform [træns´fɔ:m] v.转化，转变；改造 (高中英语单词)
• mechanism [´mekənizəm] n.机械装置；机制 (英语四级单词)
• administrative [əd´ministrətiv] a.管理的，行政的 (英语四级单词)
• uphold [,ʌp´həuld] vt.支持，拥护；维持 (英语四级单词)
• ownership [´əunəʃip] n.所有权；所有制 (英语四级单词)
• participate [pɑ:´tisipeit] v.参与；分享；带有 (英语四级单词)
• enhance [in´hɑ:ns] vt.提高，增加；增进 (英语六级单词)
• accelerate [ək´seləreit] v.加速；变快；促进 (英语六级单词)
• participation [pɑ:,tisi´peiʃən] n.参加，参与 (英语六级单词)
• fiscal [´fiskəl] a.财政的 (英语六级单词)