What is China’s common-prosperity strategy that calls for an even distribution of wealth?

Source: China – South China Morning PostWhat is common prosperity?At an economic leadership meeting in August, Chinese leaders agreed that China must pursue a goal of “common prosperity” – where citizens share in the opportunity to be wealthy – as the main objective for the next stage of its development, while stressing the need to maintain an airtight economy that allows for that smoothing out of wealth.According to the meeting notes, common prosperity was described as a means to “properly deal with the relationship between…Read More

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