President Xi Jinping pledged in his work report to the 20th party congress on Sunday to bring per capita disposable income to new heights and “substantially grow the middle-income group as a share of the total population” by 2035. Photo: Reuters
President Xi Jinping pledged in his work report to the 20th party congress on Sunday to bring per capita disposable income to new heights and “substantially grow the middle-income group as a share of the total population” by 2035. Photo: Reuters

China’s ‘common prosperity’ push could boost key middle-class, but action urged to ‘bring back’ confidence

  • Xi Jinping pledged to ‘substantially grow’ China’s middle-income group as a share of the total population by 2035 during Sunday’s work report to the 20th party congress
  • Analysts have urged greater development of the private economy that accommodates a vast majority of the country’s jobs, growth drivers and revenue

President Xi Jinping pledged in his work report to the 20th party congress on Sunday to bring per capita disposable income to new heights and “substantially grow the middle-income group as a share of the total population” by 2035. Photo: Reuters
President Xi Jinping pledged in his work report to the 20th party congress on Sunday to bring per capita disposable income to new heights and “substantially grow the middle-income group as a share of the total population” by 2035. Photo: Reuters
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