The concept of inclusive growth recently embraced by the Chinese government marks a new way of thinking about social policy and development. The primary goal of inclusive growth is to ensure that all people, especially the poorest, have an equal opportunity to participate in, and benefit from, the country's economic growth. In accordance with the new orientation of development strategies, there has been a paradigm shift in social policy from conventional income maintenance to promotion of the poor's asset accumulation and long-term development. Given China's striking social and economic inequalities, this article argues that an asset-based social policy is a key strategy in the strengthening of inclusive growth. The article highlights several areas of the welfare system where asset-based policies could be developed or expanded.

中國政府近年來所倡導的包容性增長體現了一種對經濟發展和社會政策的新的思路。包容性增長的核心目標是確保所有人，特別是最貧困人群獲得參與經濟發展、共享發展成果的平等機會。立足於中國當前的經濟與社會背景，本文提出資產為本的社會政策可以成為促進實現包容性增長的一個重要策略。通過對資產不平等的分析，本文著重探討了幾個社會福利政策領域內資產社會政策的可能發展方向。

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