How China’s ‘Common Prosperity’ Drive Will Redistribute the Wealth

emerging-markets,brics,wealth,billionaires,equality,government,taxes

Alex Millson

Tom Hancock

China

Wealth

Billionaires

Equality

Taxes

Education

Regulation

Food

Beijing

Government

Policy

Stocks

Capital Gains

Entertainment

House Prices

Australia

Peru

Finance

Megacity

Politics

Emerging Markets

Asia

Media and Entertainment

Americas

BRICS

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

China’s Communist Party has decided it’s time to redistribute the wealth and build a fairer society. As the number of billionaires — and their bank accounts — ballooned in recent decades so did the inequality gap. Now, Xi Jinping wants things to change, and the socialist buzzword is “common prosperity.”

How China’s ‘Common Prosperity’ Drive Will Redistribute the Wealth

Bloomberg subscribers can save articles and view them from any device.

Upgrade to an unlimited subscription to save articles and view them from anywhere.

Bloomberg subscribers can send up to {count} articles a month to anyone to read for free, including non-subscribers.

Upgrade your subscription to send up to {count} articles a month to anyone to read for free, including non-subscribers.

Copy article link

Hello,<p>A Bloomberg.com subscriber thought you might want to read this story. To read it, all you need to do is click on the link – no subscription necessary. (Please note the link will only be valid for {days} days.)

Email article link

Please try again. If the problem persists, please contact customer support.

Something went wrong

We've doubled your gift articles this month. Share up to {count} articles with friends, family or colleagues.

As a subscriber, you can gift up to {count} articles this month. The recipient can read the full article for free – no subscription necessary.

As a subscriber, you can gift up to {count} articles each month. The recipient can read the full article for free – no subscription necessary.