Economics
Xi Tests ‘Common Prosperity’ Policies in Alibaba’s Home Province
- Zhejiang pilot program sets modest targets, not radical ones
- Plan calls to cool urban real estate, boost rural investment
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To understand what President Xi Jinping envisions in his calls for “common prosperity,” look to the pilot program underway in the wealthy province of Zhejiang, home to 65 million people and some of China’s most successful private companies.