Timetable for release of comprehensive package should be worked out for fair and balanced development

China should work out a comprehensive income distribution reform package as soon as possible to promote sustainable, fairer and more balanced development of its economy and society.

The income distribution reform, one that is closely related with China's overall social reform and development, is already receiving a great deal of attention. Whether or not some breakthroughs will be achieved in this area will produce decisive influences on the country's consumption-based economic transformation, which is now in an important period of historical opportunities. It will also play a critical role in the country's march toward a common prosperity.