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Xi’s ‘Common Prosperity’ Drive Triggers a Rare Debate in China

  • State-run media shows confusion over extent of Xi crackdowns
  • China looks to both reduce inequality and spur tech innovation
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WATCH: China’s goal of “common prosperity” has led to clampdowns on companies across several industries. Rebecca Choong Wilkins and Stephen Engle report.(Source: Bloomberg)
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In a country that regularly censors opposing viewpoints, Chinese President Xi Jinping’s push for “common prosperity” has triggered something unusual: A spirited public policy debate. 

On the one side are those sharing the views of blogger Li Guangman, whose commentary last month calling Xi’s regulatory crackdown a “profound revolution” was published widely by major state-run media outlets. It proclaimed “the capital market will no longer become a paradise for capitalists to get rich overnight” and “all those who block this people-centered change will be discarded.”