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Thread: Reduce personal tax for these rich people?
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[quote=MARRIE,274260]Although China's post-Mao regional development strategy has gradually increased mobility of resources, inappropriate measures or poor management on the part of local authorities and enterprises during the reforms resulted in losses of large quantities of state or collectively owned assets and resources. The bulk of resources also went directly or indirectly into the hands of private individuals and for the most part embezzled by a minority of people. Table 2-4 shows the gaps between three regions by using the social and economic indicators. Notably, the size of the economies differ greatly from the number of employed persons to the amount of outstanding savings deposits. For instance, the amount of utilized FDI in eastern provinces outnumber the western provinces by over 25 times. From the given data, we can identify the following characteristics about the regional resource distribution: ยท Human resources are concentrated in coastal areas but mineral resources are deposited mainly in the interior area. As we can see from Table (2-4), the number of industrial labor force worked and lived in the eastern area (approx. 250million) was almost 49 per cent of the total number in 1996. On the other hand, most of China's minerals, forests and other natural resources are located in northwestern and central China. Only one fourteenth of the nation's coal reserves are located in the coastal regions while more than 92 per cent of its coal deposits are in the interior. About 90 per cent of the nation's forests are in the central and western areas while less than 10 percent are in its coastal regions. [/quote]
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