As 2024 approaches, China's economic development is standing at a new historical starting point. In this new era, the continued expansion of the middle-income group has become our primary goal. Because only by allowing more people to achieve a middle-income level can we truly achieve the goal of a moderately prosperous society in all respects. At the same time, it is also an important symbol of the progress towards a modern society. The expansion of the middle-income group is not only of great significance for economic development, but also plays a key role in social stability and coping with external challenges.
The middle-income group has a positive impact on economic development. They have a higher propensity to consume, which can provide a significant boost to economic growth. In addition, the expansion of the middle-income group means the optimization of the social wealth distribution pattern and the improvement of social justice, which is a concrete manifestation of the realization of common prosperity. As a super-large-scale market mainly composed of middle-income groups, they are a strong advantage for the sustained and healthy development of China's economy.
At present, China's middle-income group has exceeded 400 million people, but its proportion is not high enough compared with the base of 1.4 billion people. At the same time, there is also an imbalance in the internal structure of the middle-income group, in which relatively low-income people account for a relatively large proportion, and some middle-income groups lack employment stability and are at risk of "falling behind". In addition, a significant proportion of the rural population has not yet entered the middle-income group. Therefore, it is necessary and urgent to accelerate the formation of a larger middle-income group.
How to achieve a sustainable expansion of the middle-income group?What's the method?I think these things can be done :
Deepen the reform of the income distribution system: By narrowing the income gap, the growing "cake" will be better distributed to the middle-income group.
Improve the social security system: Accelerate the optimization and improvement of institutional arrangements such as the household registration system, pension insurance, medical security, and social assistance, further promote the two-way rational flow of urban and rural factors, and improve the employment stability of middle-income groups.
Increase investment in human capital: Priority should be given to the development of education, the cultivation of more high-quality technical and skilled personnel, and the improvement of the employment competitiveness of middle-income groups.
Improve the basic system of the market economy: improve the system of property rights protection, market access, fair competition, social credit, etc., optimize the business environment, and enhance the people's sense of property security.
China attaches great importance to the development of middle-income groups, and regards expanding the size of middle-income groups as an important policy goal. **The Economic Work Conference clearly stated that during the "14th Five-Year Plan" period, "efforts should be made to increase the income of low-income groups and expand the middle-income group", and by 2035, "the middle-income group will be significantly expanded". The establishment of this goal provides a clear direction and timetable for China to continue to expand the middle-income group.
Looking forward to the upcoming year of hope in 2024, the continuous expansion of the middle-income group has become the primary goal of our country. Only when more people reach the middle-income level can we truly realize our dreams. We believe that through our joint efforts, we will be able to achieve the goal of continuously expanding the middle-income group and create a better tomorrow for the development of our country.