The speech by President Xi Jinping was delivered at a time when Beijing has mounted unprecedented crackdowns on various sectors within the economy, including technology, online education and real estate to tackle widening income inequality, rising debt levels and slowing consumption. Photo: AFP
China’s ‘common prosperity’ goal to evenly distribute wealth as Xi Jinping sets out stall for development
- President Xi Jinping chaired a meeting of the Communist Party’s Central Committee for Financial and Economic Affairs on Tuesday
- Common prosperity is central to promoting well-being as China strives to achieve its second centenary goal of fully building a modern socialist country
The speech by President Xi Jinping was delivered at a time when Beijing has mounted unprecedented crackdowns on various sectors within the economy, including technology, online education and real estate to tackle widening income inequality, rising debt levels and slowing consumption. Photo: AFP
