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Thread: Reduce personal tax for these rich people?
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[quote=MARRIE,274261]· The coastal regions possess a well-developed financial base and manage a relatively high level of capital accumulation. Over 61 per cent of the total investment in fixed assets was made in the eastern region in 1996. · Productivity and living standards in the coastal are higher than that of the interior regions. · Disparities in the technological capabilities between the coast and the interior are significant. The eastern region possesses over 49 percent of the total number of R&D institutions in 1996. Therefore, an uneven distribution of resources between the different regions is a basic feature of China. The coastal area has a relatively well-developed economy and technological base with better access to capital but is handicapped by over-population which could lead to future problems. By contrast, the interior area is characterized by a vast land area, rich mineral resources, sparse population, and weak technological capabilities.10 Because of their different resource bases these areas could complement each other. [/quote]
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