‘Common prosperity’ explained

“The common prosperity we desire is not egalitarianism. We will first make things bigger and then divide it properly through reasonable institutional arrangements”


President Xi Jinping addresses the World Economic Forum, which held its annual meeting online rather than in Davos. Xi was talking about his signature economic policy, adding “As a rising tide lifts all boats, everyone will get a fair share from development and development gains will benefit all our people in a more substantial and equitable way”.

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