Tag: common prosperity

Eyeing 3rd term, Xi Jinping shifts gear from ‘common prosperity’ to economy

This comes as China's economy is under a lot of strain due to oil and gas price hikes and disruption to the supply chain caused by the Ukraine conflict, and strict implementation of the zero-COVID policy.

May 9, 2022

Socialism redux

The Chinese pivot to what is effectively a redistribution of wealth model albeit updated to factor in contemporary realities is breath-taking in its sweep; and it’s been made possible only because policy is unapologetically formulated and ruthlessly implemented from the top

September 19, 2021