China’s Xi Says Common Prosperity Doesn’t Mean Full Equality
- Comments made in an August speech just published by the CCP
- Drive to close wealth gap has targeted the private sector
Photographer: Nelson Ching/Bloomberg
This article is for subscribers only.
President Xi Jinping said the “common prosperity” drive that’s put China’s richest citizens on notice was about creating a society that’s prosperous “overall” rather than “uniform egalitarianism.”
“Not everyone will be wealthy at the same time and not all regions will reach the same level of wealth at the same time,” Xi said in an August speech published Friday by the Qiushi Journal, a publication of the ruling Communist Party.