Fan Conglai & Xie Chaofeng: Pro-Poor Growth Distribution Relationship Optimization and Shared Development

Release time:2017-03-20Author: Fan Conglai & Xie Chaofeng

 Shared development is the essential requirement of socialism and a new stage and new way to achieve the goal of common prosperity. The connotation of the shared development concept requires that "cake making" and "cake splitting" should be unified in every stage of the modernization process. Under this concept, on the one hand, absolute poverty is eliminated through pro-poor growth, and on the other hand, an effective incentive mechanism for economic growth is constructed by optimizing income distribution to balance equality and efficiency, so as to truly realize development for the people, development depends on the people, and development results are shared by the people. Specifically speaking, business model innovation driven by technological innovation can increase the operating income of workers and improve the income structure, adjustment of the distribution relationship is able to make labor and capital win-win, and when implementing macroeconomic policies, we should consider not only their role in stabilizing economic growth, but also their pro-poor nature.