Business

What ‘Common Prosperity’ Means and Why Xi Wants It

Chinese language President Xi Jinping is on a marketing campaign to remake the world’s second-biggest financial system with an emphasis on “frequent prosperity.” The hope is that a mixture of coverage strikes, market forces and philanthropy will deal with the nation’s extensive and chronic wealth hole, which might develop into a political menace to the ruling Communist Occasion if left unchecked. Regulators have focused a few of China’s most profitable non-public enterprises, the data-rich tech sector particularly, alarming traders. They’re additionally

https://www.washingtonpost.com/enterprise/what-common-prosperity-means-and-why-xi-wants-it/2021/09/05/02b146d2-0eb9-11ec-baca-86b144fc8a2d_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | What ‘Frequent Prosperity’ Means and Why Xi Needs It

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