China's reform hindered by privileged groups, expert says

Beijing (CNS) – Three vested interest groups are hindering the reform of China's income distribution system, including government officials, billionaires in monopolized industries and real estate tycoons, said Wang Yukai, professor at the National Academy of Governance, at the 2011 China's Reform Annual Meeting held by China's Economic System Reform Magazine on Sunday.

The government is obliged to adjust and regulate the allocation of wealth for people as the income gap between cities and rural area continues to deepen, Wang added.

Wang said the measures should include the reasonable restraint of official power and strict supervision of the commercial activities of officials' offspring. It is also important for government to reduce its intervention in the market, he said.