Does China’s goal of common prosperity leave room for the super-rich?

Source: China – South China Morning PostJacky Wang is an entrepreneur in China, but like many of his peers he is trying to recalibrate what that should involve.This year, he has bought two Mercedes-Benz cars and given 3 million yuan (US$470,000) to a social cause, after being urged to donate by his local government in the eastern province of Jiangsu. His cement company has been performing averagely, but he has spent money rather than plough his funds into business growth.“I know business prospects may turn good this year, because…Read More

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