Calls for fairer distribution of income and social justice

Beijing - Economists have urged the government to redistribute income in a more balanced manner to achieve sustainable growth.

Favorable fiscal and monetary policies can work temporarily, but in the long term the country must redistribute its income so that the poorer people can get a bigger share of the pie, suggested Ma Ming, dean of the department of applied economics at the Beijing Institute of Technology.

This will lead to higher consumption, which is the ultimate solution to the problem of oversupply, he said.