CPC sets path to common prosperity
3 years, 3 months ago

CPC sets path to common prosperity

China Daily  

Agenda may usher in tax reforms, greater public spending, experts say China's top leadership has set in motion an agenda for the nation to attain common prosperity, a move analysts said could usher in broader reform in the nation's tax system, heavier fiscal spending on public well-being and further expansion of middle-income groups. More tangible progress toward common prosperity is one of the nation's key long-term targets through 2035, when China is expected to achieve basic modernization. Ensuring common prosperity for everyone is also a crucial goal of the world's second-largest economy as it endeavors to build a modern socialist country by the middle of this century－one of China's two centenary goals. Han Wenxiu, executive vice-minister of the Office of the Central Committee for Financial and Economic Affairs, said at a news briefing in late August that China will continue to make the wealth pie bigger and ensure its proper distribution in working toward common prosperity.

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History of this topic

China's Political Advisor Calls for Unity and Innovation in Private Sector for Common Prosperity
2 months, 1 week ago

China's Political Advisor Calls for Unity and Innovation in Private Sector for Common Prosperity

China Daily  

China's top political advisor urges uniting private sector toward Chinese modernization. Wang Huning, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference, called for efforts to enhance the Party's overall leadership over the Guangcai Program, deepen the program's …

China’s Xi calls for patience as Communist Party tries to reverse economic slump
1 year, 4 months ago

China’s Xi calls for patience as Communist Party tries to reverse economic slump

The Hindu  

Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said Western countries are “increasingly in trouble” because of their materialism and “spiritual poverty.” Mr. Xi's speech was published by Qiushi, the party's top theoretical journal, hours after data Tuesday showed consumer and factory activity …

China’s Xi calls for patience as Communist Party tries to reverse economic slump
1 year, 4 months ago

China’s Xi calls for patience as Communist Party tries to reverse economic slump

Associated Press  

BEIJING — Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said Western countries are “increasingly in trouble” because of their materialism and “spiritual poverty.” Xi’s speech was published by Qiushi, the party’s top theoretical journal, hours after data Tuesday showed consumer and factory …

Seminar details China's approach to common prosperity
2 years, 6 months ago

Seminar details China's approach to common prosperity

China Daily  

By Ma Zhenhuan in Hangzhou | chinadaily.com.cn | Updated: May 27, 2022 A recent seminar in Hangzhou, Zhejiang province, about Zheng Yongnian's latest book, The Chinese Approach to Common Prosperity, detailed endeavors related to common prosperity in the country and how it can be of value to the world. Zheng said the exploration of common prosperity in Zhejiang will be …

Exploring Xi Jinping’s concept of common prosperity
2 years, 8 months ago

Exploring Xi Jinping’s concept of common prosperity

Hindustan Times  

Common prosperity conveys China’s role as a development partner helping narrow the gap between developed and developing countries. Xi Jinping’s economic strategies have evolved from a phase emphasising “supply side structural reforms”, first announced in 2015, followed by a “dual circulation” strategy, adopted formally in May 2020, and now the pursuit of common prosperity since August this year. The commentary …

How will China change in 10 years under Xi Jinping’s common prosperity push?
2 years, 11 months ago

How will China change in 10 years under Xi Jinping’s common prosperity push?

Live Mint  

It’s been a year of overwhelming change for China, and the fundamental shift in the relationship among the country’s government, businesses and citizens is a long way from complete. Ren said he and those around him are paying more attention to philanthropy and making donations, as common prosperity urges members of society to “embrace each other.” Reintroducing common prosperity is …

The red truth of China’s ‘Common Prosperity Discourse’
3 years, 1 month ago

The red truth of China’s ‘Common Prosperity Discourse’

The Hindu  

From a regulatory crackdown on tech unicorns to clampdown on private tutoring, from exhorting the rich to redistribute wealth to fintech companies forming unions for their workforce, a series of verbal assertions and administrative measures have been upending people’s lives in China over the last few months. Like with Mr. Xi’s various signature political concepts, the theoretical design for this …

Xi Jinping warns ‘common prosperity’ push will be ‘long term’
3 years, 2 months ago

Xi Jinping warns ‘common prosperity’ push will be ‘long term’

The Hindu  

China’s President Xi Jinping has warned that his government’s current push for “common prosperity”, which is likely to see a major overhaul of many sectors of the Chinese economy in coming months, will be “long term”. On Friday, the Party’s official journal, Qiushi or Seeking Truth, published for the first time Mr. Xi’s full speech at the August meet, which …

Why China stresses common prosperity
3 years, 2 months ago

Why China stresses common prosperity

China Daily  

HANGZHOU - In China's journey toward its second centenary goal, a future where everyone shares prosperity is envisioned. Since the 18th National Congress of the Communist Party of China in 2012, the country has gradually put common prosperity in a more prominent position. Now, with victory in the anti-poverty fight and in the building of a moderately prosperous society in …

Why China stresses common prosperity
3 years, 2 months ago

Why China stresses common prosperity

China Daily  

Xinhua| Updated :2021-10-09 HANGZHOU - In China's journey toward its second centenary goal, a future where everyone shares prosperity is envisioned. Since the 18th National Congress of the Communist Party of China in 2012, the country has gradually put common prosperity in a more prominent position. Now, with victory in the anti-poverty fight and in the building of a moderately …

The Real Meaning of Xi’s Common Prosperity for China
3 years, 3 months ago

The Real Meaning of Xi’s Common Prosperity for China

Bloomberg  

00:00 We will make more notable and substantive progress toward achieving well-rounded human development and common prosperity for all. Many of the policy changes rolled out by the Communist Party of late could be lumped in under the common prosperity theme including regulatory crackdowns that have upended markets. That opened the door for Xi to pursue common prosperity as a …

China is purging celebrities and tech billionaires. But the problem is bigger than ‘sissy men’
3 years, 3 months ago

China is purging celebrities and tech billionaires. But the problem is bigger than ‘sissy men’

LA Times  

Celebrity names are vanishing from the credits of TV shows. State-affiliated researcher Jiang Yu said in a recent interview with the party’s anti-corruption commission that the “irrational expansion of capital” had corrupted China through the “much-hated” realms of celebrity fan culture, tech monopolies and private tutoring, which gives wealthier and middle-class students an unfair edge. Movie stars Zhou Dongyu and …

CPC sets path to common prosperity
3 years, 3 months ago

CPC sets path to common prosperity

China Daily  

Reform measures Policymakers at the Aug 17 meeting laid out measures such as more inclusive and fair conditions to improve education levels and providing wealth creation opportunities for more people. Louis Kuijs, head of Asia economics at the Oxford Economics think tank, said the policymakers' emphasis on common prosperity is likely to be pursued principally by scaling up the existing …

CPC sets path to common prosperity
3 years, 3 months ago

CPC sets path to common prosperity

China Daily  

Strong emphasis The Aug 17 meeting marked the first time that Xi had convened a special meeting to deliberate on common prosperity, an issue he has given strong emphasis to for a long time. Since the Party's 18th National Congress in 2012, Xi has made strong appeals for common prosperity on numerous occasions, underlining the importance of sharing the benefits …

CPC sets path to common prosperity
3 years, 3 months ago

CPC sets path to common prosperity

China Daily  

By XU WEI | China Daily | Updated: Sep 6, 2021 Strong emphasis The Aug 17 meeting marked the first time that Xi had convened a special meeting to deliberate on common prosperity, an issue he has given strong emphasis to for a long time. Since the Party's 18th National Congress in 2012, Xi has made strong appeals for common …

CPC sets path to common prosperity
3 years, 3 months ago

CPC sets path to common prosperity

China Daily  

By XU WEI | China Daily | Updated: Sep 6, 2021 Agenda may usher in tax reforms, greater public spending, experts say China's top leadership has set in motion an agenda for the nation to attain common prosperity, a move analysts said could usher in broader reform in the nation's tax system, heavier fiscal spending on public well-being and further …

CPC sets path to common prosperity
3 years, 3 months ago

CPC sets path to common prosperity

China Daily  

By XU WEI | China Daily | Updated: Sep 6, 2021 Reform measures Policymakers at the Aug 17 meeting laid out measures such as more inclusive and fair conditions to improve education levels and providing wealth creation opportunities for more people. Louis Kuijs, head of Asia economics at the Oxford Economics think tank, said the policymakers' emphasis on common prosperity …

Alibaba invests $15.5 billion to help China achieve ‘common prosperity’
3 years, 3 months ago

Alibaba invests $15.5 billion to help China achieve ‘common prosperity’

CNN  

Hong Kong CNN Business — Alibaba is pouring 100 billion yuan into China’s drive to achieve “common prosperity,” marking the latest big pledge from a Chinese company to support President Xi Jinping’s campaign. It said last Tuesday that it would donate $372 million to the development of China’s agricultural sector and rural areas, with plans to give away 10 billion …

Alibaba's investment to help promote common prosperity
3 years, 3 months ago

Alibaba's investment to help promote common prosperity

China Daily  

The headquarters of e-commerce giant Alibaba Group is in Hangzhou, capital of East China's Zhejiang province. Chinese tech heavyweight Alibaba Group Holding Ltd announced on Thursday it will invest 100 billion yuan by 2025 in a bid to help promote common prosperity in China. Alibaba's investment will go toward supporting technological innovation, economic development and high-quality employment, as well as …

Common prosperity key trait of socialism
3 years, 3 months ago

Common prosperity key trait of socialism

China Daily  

Editor's Note: Common prosperity is an essential requirement of socialism and the shared aspiration of all Chinese people. Three experts share their views on the issue with China Daily: At the 10th meeting of the Central Committee for Financial and Economic Affairs on Aug 17, President Xi Jinping said "common prosperity" is an essential requirement of socialism and a key …

Four elements of good life for all
3 years, 3 months ago

Four elements of good life for all

China Daily  

The decision of the 10th meeting of the Central Committee for Financial and Economic Affairs that China will find concrete ways to pursue common prosperity has triggered heated discussions in some theoretical and policy circles. Based on the basic theory of Marxism and the spirit of central documents, common prosperity can be explained thus: On the material level, common prosperity …

Common prosperity key trait of socialism
3 years, 3 months ago

Common prosperity key trait of socialism

China Daily  

Editor's Note: Common prosperity is an essential requirement of socialism and the shared aspiration of all Chinese people. Three experts share their views on the issue with China Daily: At the 10th meeting of the Central Committee for Financial and Economic Affairs on Aug 17, President Xi Jinping said "common prosperity" is an essential requirement of socialism and a key …

Four elements of good life for all
3 years, 3 months ago

Four elements of good life for all

China Daily  

The decision of the 10th meeting of the Central Committee for Financial and Economic Affairs that China will find concrete ways to pursue common prosperity has triggered heated discussions in some theoretical and policy circles. Based on the basic theory of Marxism and the spirit of central documents, common prosperity can be explained thus: On the material level, common prosperity …

China to curb ‘excessive income’ in push for ‘common prosperity’
3 years, 4 months ago

China to curb ‘excessive income’ in push for ‘common prosperity’

The Hindu  

In the wake of months of regulatory crackdown targeting alleged monopolistic behaviour of some of China’s biggest private sector companies, China’s Communist Party leadership has signalled that next in its sights are the country’s wealthy. Party General Secretary and President Xi Jinping said measures will be introduced to curb “excessive incomes” and promote “common prosperity”, following a meeting on Tuesday …

China’s Xi eyes return to Communist Party roots amid private-sector crackdown
3 years, 4 months ago

China’s Xi eyes return to Communist Party roots amid private-sector crackdown

Live Mint  

China prioritized economic growth for most of the past 40 years. “Xi Jinping is seeking to rebrand the Communist Party’s image domestically and internationally” by reducing income gaps and shifting to higher-quality development, said Bill Bikales, a former senior economist for the United Nations in China. The phrase “common prosperity,” though not totally new, started appearing much more widely after …

Zhejiang strides toward common prosperity
3 years, 4 months ago

Zhejiang strides toward common prosperity

China Daily  

By SHI JING and MA ZHENHUAN in Zhejiang| China Daily| Updated :2021-08-02 Mo Xuefeng, general manager of Zhejiang Jiashan Chocolate Sweet Town, demonstrates a chocolate waterfall to visitors. Annual per capita disposable income in Zhejiang should reach 75,000 yuan by 2025, while income disparity between urban and rural residents should be less than 1.9 times, according to the plan. High-quality …

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