On Narrowing Income Gap, Integrated Urban-Rural Development and Common Prosperity

KONG Xiangzhi, XIE Dongdong

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China Economic Transition ›› 2022, Vol. 5 ›› Issue (1) : 94-113. DOI: 10.3868/s060-014-022-0005-2
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On Narrowing Income Gap, Integrated Urban-Rural Development and Common Prosperity

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Abstract

The discussion of common prosperity in this paper revolves around the following two aspects. First, the promotion of common prosperity requires a solid material foundation; solving poverty as measured by the absolute income standard serves as the basic requirement of becoming rich; the future rural relative poverty is a common problem and challenge that most of China’s provinces are facing; and increasing farmers’ income is a problem that must be solved within the framework of integrated urban-rural development. Second, narrowing the income gap is one of the essential requirements of common prosperity; narrowing the income gap to a certain level and achieving the unity of the development and sharing and the harmony of efficiency and fairness constitute the essential component of “common”; and the current urban-rural absolute income gap in China remains large, which violates the concept of shared development, is not conducive to sharing the achievements of economic development by the people as a whole, inhibits economic growth, and hinders the construction of a new development paradigm. Therefore, firmly grasping the mainline of integrated urban-rural development, strengthening overall planning and top-level design, and compensating for the institutional disadvantages of the dual division of urban and rural areas should be the main strategic focuses for promoting common prosperity in China.

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common prosperity, urban-rural relationship, integrated urban-rural development

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KONG Xiangzhi, XIE Dongdong. On Narrowing Income Gap, Integrated Urban-Rural Development and Common Prosperity. China Economic Transition, 2022, 5(1): 94‒113 https://doi.org/10.3868/s060-014-022-0005-2

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2022 Higher Education Press
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