A move to impose wage controls on highly paid executives of State-owned enterprises (SOE) in the hope of narrowing the country's income gap are being reconsidered after a draft regulation first discussed the issue four years ago.
Qiu Xiaoping, vice minister of human resources and social security, said the country needs to change the way it manages incomes and enhance wage controls, reproted the Beijing Times.
The remark was made years after the Ministry of Human Resources and Social Security (MHRSS) started to draft a comprehensive regulation to control income levels in 2008.
However, the draft regulation has not had any public discussion since it was submitted to the State Council in 2010, reported the China Business Journal Sunday, suggesting that intervention from the State monopolies might have obstructed the passage of the regulation.
The Beijing Times reported Wednesday that the draft might create separate regulations to cover a series of issues relating to the income gap.
Chinese Premier Wen Jiabao said on October 17 that the government would develop a plan on income distribution before year's end. The National Development and Reform Commission first started to examine the uneven distribution of income in 2004.
Yin Chengji, a MHRSS spokesperson, said the central government is working on a general plan.
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