Highlights of Premier Wen's Government Work Report
(Xinhua)Updated: 2007-03-05 09:55
INCOME GAP
*China will deepen reform of the income distribution
system to narrow the increasing gaps in income levels and expand consumer
demand. The government will take a variety of measures to increase the incomes
of both urban and rural residents, especially low- and middle-income persons.
CORPORATE INCOME TAX
*The timing and conditions are now ripe for unifying the enterprise income tax rates for domestic and overseas-funded enterprises in order to level the playing field.
REAL ESTATE SECTOR
*The real estate industry should focus on developing reasonably priced commercial housing for ordinary people. The government will pay particular attention to addressing the housing problems of low-income families.
*The government will strengthen oversight and regulation of housing prices, prevent overheating in housing prices and keep prices at a reasonable level.
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