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Xi Says China’s Common Prosperity To Be A Gradual Process (1)

Oct. 15, 2021, 12:15 PM

Common prosperity is a long-term goal, which takes time to achieve and can’t be rushed, Chinese President Xi Jinping writes in an article published by Qiushi magazine.

  • Xi listed a few principles and tasks in the process to realize common prosperity, including:
    • China needs to open up channels for upward mobility, create opportunities for more people to get rich
    • China will step up income distribution management of state-owned companies and monopolistic industries
    • China will firmly oppose disorderly expansion of capital and enhance antitrust regulation
    • China will speed up reforms in monopolistic industries and promote a coordinated development of financial and ...