The new Chinese leadership has promised to double average incomes

Dateline London on BBC2 this afternoon discussed the change of leadership in China.

Writer Diane Wei Liang said that the new Chinese leadership has promised to double average incomes within ten years.

Surely that will release a huge amount of inflation into the Chinese economy?  "Too much money chasing too few goods" as Lord Barber said.  And how will they prevent wages in the developed eastern cities from being undercut by desperate internal migrants from the impoverished west of China? (unless they have an incomes policy, and that would put them in the Jim Callaghan bin of economic competence).

http://www.bbc.co.uk/iplayer/episode/b01nzbz6/Dateline_London_10_11_2012/

http://www.dianeweiliang.com/