To this end, the Chinese government has taken a slew of measures including improving the social security system, raising the individual income tax threshold and capping the salaries of senior executives at state-owned enterprises.
The country has also encouraged economic development in the central and western regions to benefit local residents.
In addition, recent prompt investigations into and punishment of officials abusing their power to seek improper profits demonstrated China's determination to fight corruption and eradicate illegal income.
Meanwhile, more efforts, experts say, should be made to solve the income disparity through institutional reforms such as breaking monopoly, wiping out "grey income," improving residents' employability and ensuring equal opportunities.
Only in this way can more people share the fruits of China's fast economic growth.
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