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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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