What ‘Common Prosperity’ Means and Why Xi Wants It

Filed under: Labor,News,The Economy |

Chinese President Xi Jinping is on a campaign to remake the world’s second-biggest economy with an emphasis on “common prosperity.” The hope is that a mix of policy moves, market forces and philanthropy will address the country’s wide and persistent wealth gap, which could become a political threat to the ruling Communist Party if left unchecked. Regulators have targeted some of China’s most successful private enterprises, the data-rich tech sector in particular, alarming investors. They’re also

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