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China’s Communist Party Vows to Both Grow and Share Economic Pie

Han Wenxiu
Han WenxiuPhotographer: Xinhua News Agency/Getty Images

China’s Communist Party vowed to promote the welfare of all people and redistribute income, underscoring its push to achieve “common prosperity” in the country. 

Having achieved a goal of building a moderately prosperous society, “we will make the pie bigger and divide it well,” Han Wenxiu, a senior official at the party’s central financial and economic affairs commission, said at a press briefing in Beijing Thursday. Authorities will push for high-quality development, raise the income of urban and rural residents, gradually reduce the gap in distribution, and “resolutely prevent polarization,” he said.