A customer shops at a supermarket in Nanjing. Photo: AFP
A customer shops at a supermarket in Nanjing. Photo: AFP
Donald Low
Opinion

Opinion

Donald Low

From tuition ban to Evergrande collapse, is China tripping over its chase for ‘common prosperity’?

  • China’s crackdown on tech and a range of other sectors shows its economic policies are increasingly driven by ideological rather than market considerations
  • But instead of promoting ‘common prosperity’, innovative enterprises are being snuffed out by regulators in the belief that the economy can be engineered to fit utopian visions

A customer shops at a supermarket in Nanjing. Photo: AFP
A customer shops at a supermarket in Nanjing. Photo: AFP
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