CHANGING CHINA: HOW XI'S 'COMMON PROSPERITY' MAY IMPACT THE WORLD
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07.10.2021


BBC News (7 October 2021)

Karishma Vaswani

 

China says its policies aimed at narrowing the widening wealth gap are precisely what it needs in this moment of its economic trajectory - but critics say it comes with even greater control of how business and society will be governed.

And while this "common prosperity" drive is squarely focused on people inside the country it has the potential to have huge repercussions for the rest of the world.

One of the most visible consequences of common prosperity has been the refocusing of corporate China's priorities to the domestic market.

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