Reducing wealth inequality is now the main objective for China’s next stage of development. Photo: Bloomberg
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
Reducing wealth inequality is now the main objective for China’s next stage of development. Photo: Bloomberg
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