Reducing wealth inequality is now the main objective for China’s next stage of development. Photo: Bloomberg
China’s middle class worries about the future under Xi Jinping’s ‘common prosperity’ initiative
- President Xi Jinping’s strategy to reduce wealth inequality is now the main objective in China’s next stage of development
- But heavy-handed regulation coupled with a slowing economy has some middle-class citizens worried about their livelihoods
Reducing wealth inequality is now the main objective for China’s next stage of development. Photo: Bloomberg