BEIJING: China will reform its household registration system and relax restrictions on permanent residence registration, or “hukou”, in towns, small and medium-sized cities, according to a government work report Premier Wen Jiabao is to deliver Friday.
Hukou has long been blamed as a source of widening gap between urban and rural residents. The system also makes [...]

BEIJING - Chinese Premier Wen Jiabao vowed Friday to enhance rational income distribution system as it is an “important manifestation of social fairness and justice” and a major way out for boosting domestic demand and narrowing income gap.
“We will not only make the ‘pie’ of social wealth bigger by developing the economy, but also distribute it [...]

BEIJING – China budgets 1.05 trillion yuan ($154.4 billion) of fiscal deficit this year to support economic growth as government revenue will fall significantly short of expenditures, says a government work report to be delivered by Premier Wen Jiabao at the parliament’s annual session Friday.
The government vowed to keep the debt at “appropriate” level. The [...]