Page 30 - Recommendations of the Central Committee of the Communist Party of China for Formulating the 15th Five-Year Plan for National Economic and Social Development

We should improve the mechanisms through which the contributions of
production factors are determined by the market and rewarded accordingly

in primary distribution. This will allow higher incomes for those who work
hard, possess highly valued skills, or excel at innovation. We should also
improve the mechanisms for determining wages, keeping them increasing at

a reasonable rate, and ensuring their full payment. We should implement a
system for collective wage bargaining, refine the mechanism for minimum
wage adjustments, and strengthen macro guidance for enterprises on wage

distribution.
We should leverage multiple channels to increase the property income of
both urban and rural residents and promote further redistribution by means

of taxation, social security, and transfer payments. Public interest activities
and charities should be advanced and placed under better regulation. We
should keep income distribution and the means of accumulating wealth

well-regulated and support the acquirement of wealth through hard work,
innovation, and lawful activities. We should encourage those who are already
well-off to assist others in increasing wealth and promote prosperity for all.

We should put into effect an income growth plan for both urban and rural
residents, effectively increase the earnings of low-income people, steadily
enlarge the middle-income group, make reasonable adjustments to excessive

incomes, and eliminate illicit gains, all with the aim of facilitating the
formation of an oval-shaped structure of distribution.
39. Developing education that meets the people’s expectations

We should carry out the project of fostering virtue through education in
the new era, promote effective integration between political studies in the
classroom and practice in society, and strengthen physical, aesthetic, and

labor skills education. The educational assessment system should also be
refined. We should improve the mechanisms for allocating educational
resources in response to demographic changes and channel more resources to

urban areas with net inflows of school-age populations.
We should steadily expand the coverage of free education and explore the
extension of the length of compulsory education. Basic education should be

upgraded: coordinated efforts should be made to ensure more balanced,
better-quality compulsory education and more inclusive and higher-quality
preschool education; more resources should go to regular senior secondary
schools; and special needs and specialized education programs should be well

run.

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