Common prosperity is central to promoting well-being as China strives to achieve its second centenary goal of fully building a modern socialist country. Photo: Xinhua
Explainer |
What is China’s common-prosperity strategy that calls for an even distribution of wealth?
- Notion of common prosperity dates back to the 1950s and Mao Zedong, before fellow former leader Deng Xiaoping repeatedly mentioned the idea in the 1980s
- President Xi Jinping’s rhetoric on common prosperity, which calls for the people to share in the opportunity to be wealthy, has surged this year
Common prosperity is central to promoting well-being as China strives to achieve its second centenary goal of fully building a modern socialist country. Photo: Xinhua
