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Zhejiang releases plan to demonstrate common prosperity

ezhejiang.gov.cn| Updated: July 21, 2021 L M S

Huzhou in Zhejiang.jpg

Visitors take part in a night bazaar held at a scenic spot in Huzhou, Zhejiang province, in May. [Photo by WU ZHENG/FOR CHINA DAILY]

Zhejiang authorities officially published a five-year action plan on shaping the province as a demonstration zone for common prosperity on July 19.

The government document consisted of nine sections, involving development goals, economic priorities, disposable income boosts, public services, integrated development, culture promotion, ecology improvement, social governance, and government working mechanisms.

According to the document, Zhejiang residents' per capita disposable income is expected to reach 75,000 yuan ($11,572) by 2025. The proportion of labor remuneration over GDP in Zhejiang should surpass 50 percent by then.

Households with an annual disposable income of between 100,000 yuan and 500,000 yuan will account for 80 percent of all the province's households by then. The province will also strive for the proportion of households with an annual disposable income of between 200,000 yuan and 600,000 yuan to be 45 percent of Zhejiang households.

The plan also states that the disposable income per capita for the most affluent city in Zhejiang should be lower than 1.55 times of that for the least affluent one in the province, while the disposable income per capita for urban residents should be lower than 1.9 times of that for rural residents.

It also aims for the higher education attendance rate in Zhejiang to exceed 70 percent, with Zhejiang residents expected to have completed an average of 15.5 years in school. Skilled workers are expected to account for 35 percent of the province's working population by 2025.

Most of the major health indicators for Zhejiang residents in general are expected to be comparable to those living in high-income countries, with their life expectancy expected to exceed 80 years.

In addition, the province strives to have high-speed railway and general aviation services available to every Zhejiang city, while expressways will be available to all Zhejiang towns that have a population of over 100,000.