CPC to address concerns on rising inequality

[email protected] (The Hindu)
November 13, 2012

China_migran

Beijing, November 13: Top Communist Party of China (CPC) officials on Monday pledged to expand the construction of low-income housing and to provide more support to a job market facing pressures from a continuing slowdown, amid growing public concerns about widening social inequality in the country.

As the Party prepares for leadership change, how it grapples with surging real estate prices, shutting out an increasing number of Chinese from buying homes; and how it will ensure employment for the millions of graduates and migrant workers flooding cities every year, are among its most pressing challenges, say officials and scholars.

Jiang Weixin, who heads the Ministry of Housing and Urban-rural Development, told reporters on Monday at a briefing along the sidelines of the 18th National Congress, which will conclude on Wednesday, that the government plans to build at least five million units of homes next year, following the construction of more than seven million units this past year.

Mr. Jiang acknowledged the problems affecting the provision of housing, starting with widespread complaints about a lack of transparency in the allocation of low-income homes. China plans to build 36 million units under the correct Five-Year Plan (2011-15). In the first year of the plan, the government built 10 million units at a cost of around $ 200 billion.

Rising real estate prices, coupled with problems in the provision of homes, have fuelled anger about the housing sector in recent months. According to China Development Research Foundation report, an official think-tank, local governments were shirking their responsibilities of building low-income housing projects. Instead, they were pursuing more lucrative luxury projects. Recent audits conducted by the central government found that close to three billion Yuan allocated for low-income housing developments had been diverted for other projects.

Assuaging concerns about rising real estate prices, Mr. Jiang said the government would not relax recently enforced property restrictions, such as barring third-home purchases. He said it was also “actively studying” expanding an experimental property tax, the official Xinhua news agency reported.

According to October's figures, housing sales rose 5.6 per cent after 10 months of this year to 4.63 trillion Yuan ($ 735 billion). Property investment accounts for 13% of China's gross domestic output and one-fifth of fixed asset investment, presenting the government with a tough balancing act while introducing cooling measures.

Separately on Monday, a CPC official in charge of employment, Yang Zhiming, warned that the job market in China was “feeling the pressure from the country's economic downshift”. “The impact of economic slowdown on the job market is starting to emerge”, Mr. Yang, who is also the Vice Minister of Human Resources and Social Security, told reporters. He said the growth of newly added jobs had been narrowing since April, exerting pressure on the job market with seven million college graduates estimated to have entered the job market this year. “China will continue to face the problem of labour oversupply for a long time,” he said, with urban employment at 4.1 per cent, below the government's 4.6 per cent target limit. The government, he added, would take steps to “boost labour-intensive industries” and “strategic emerging industries” to accelerate job growth, and would also encourage students to work in less developed central and western China.

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News Network
June 2,2020

Minneapolis, Jun 2: An official autopsy released Monday ruled that George Floyd, the African-American man whose death at police hands set off unrest across the United States, died in a homicide involving "neck compression".

George, 46, died of "cardiopulmonary arrest complicating law enforcement subdual, restraint, and neck compression," and the manner of death was "homicide," the Hennepin County Medical Examiner in Minneapolis said in a statement.

Floyd's other significant health conditions were listed as "arteriosclerotic and hypertensive heart disease; fentanyl intoxication; recent methamphetamine use."

The statement added that the "manner of death is not a legal determination of culpability or intent."

It emphasized that under Minnesota state law "the Medical Examiner is a neutral and independent office and is separate and distinct from any prosecutorial authority or law enforcement agency."

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News Network
July 2,2020

Washington, Jul 2: Former US Ambassador to the UN, Nikki Haley, on Wednesday (local time) hailed India's action to ban 59 apps linked to Chinese firms including Tik Tok and said New Delhi is continuing to show it will not back down from China's aggression.

"Good to see India banning 59 popular apps owned by Chinese firms, including TikTok, which counts India as one of its largest markets. India is continuing to show it won't back down from China's aggression," Haley tweeted.

The Indian government on Monday announced that it had decided to block 59 apps in view of the information available that "they are engaged in activities which are prejudicial to sovereignty and integrity of India, defence of India, the security of the state and public order".

Information Technology Minister, Ravi Shankar Prasad said that the government has banned the apps for the safety, security, defense, sovereignty, and integrity of India.

Haley'='s remarks come after US Secretary of State Mike Pompeo welcomed India''s ban on the Chinese apps and stressed that the move would "boost India''s integrity and national security".

"We welcome India''s ban on certain mobile apps. India''s clean app approach will boost India's sovereignty and boost integrity and national security," Pompeo said.

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News Network
May 5,2020

May 5: Global coronavirus deaths reached 250,000 on Monday after recorded infections topped 3.5 million, a news agency tally of official government data showed, although the rate of fatalities has slowed.

North America and European countries accounted for most of the new deaths and cases reported in recent days, but numbers were rising from smaller bases in Latin America, Africa and Russia.

Globally, there were 3,062 new deaths and 61,923 new cases over the past 24 hours, taking total cases to 3.58 million.

That easily exceeds the estimated 140,000 deaths worldwide in 2018 caused by measles, and compares with around 3 million to 5 million cases of severe illness caused annually by seasonal influenza, according to the World Health Organization (WHO).

While the current trajectory of COVID-19 falls far short of the 1918 Spanish flu, which infected an estimated 500 million people, killing at least 10% of patients, experts worry the available data is underplaying the true impact of the pandemic.

The concerns come as several countries begin to ease strict lockdowns that have been credited with helping contain the spread of the virus.

"We could easily have a second or a third wave because a lot of places aren't immune," Peter Collignon, an infectious diseases physician and microbiologist at Canberra Hospital, told Reuters. He noted the world was well short of herd immunity, which requires around 60% of the population to have recovered from the disease.

The first death linked to COVID-19 was reported on Jan. 10 in Wuhan, China after the coronavirus first emerged there in December. Global fatalities grew at a rate of 1-2% in recent days, down from 14% on March 21, according to the Reuters data.

DEATH RATE ANOMALIES

Mortality rates from recorded infections vary greatly from country to country.

Collignon said any country with a mortality rate of more than 2% almost certainly had underreported case numbers. Health experts fear those ratios could worsen in regions and countries less prepared to deal with the health crisis.

"If your mortality rate is higher than 2%, you've missed a lot of cases," he said, noting that countries overwhelmed by the outbreak were less likely to conduct testing in the community and record deaths outside of hospitals.

In the United States, around half the country's state governors partially reopened their economies over the weekend, while others, including New York Governor Andrew Cuomo, declared the move was premature.

In Britain, Prime Minister Boris Johnson, who battled COVID-19 last month, has said the country was over the peak but it was still too early to relax lockdown measures.

Even in countries where the suppression of the disease has been considered successful, such as Australia and New Zealand which have recorded low daily rates of new infections for weeks, officials have been cautious.

Australian Prime Minister Scott Morrison has predicated a full lifting of curbs on widespread public adoption of a mobile phone tracking app and increased testing levels.

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