China’s common prosperity push does not mean ‘killing the rich’, official says

//China’s common prosperity push does not mean ‘killing the rich’, official says

China’s common prosperity push does not mean ‘killing the rich’, official says

China’s push for “common prosperity”, as President Xi Jinping aims to decrease inequality in the world’s second-largest economy, does not mean “killing the rich to help the poor”, a ruling Communist Party official said on Thursday.China must also “guard against falling into the trap of welfarism”, Han Wenxiu, an official at the central financial and economic affairs commission, said at a briefing in Beijing.Those who “get rich first” should help those behind, but hard work should be encouraged,…

Article by [author-name] (c) China - South China Morning Post - Read full story here.

By | 2021-08-26T05:36:18+00:00 August 26th, 2021|Headlines|Comments Off on China’s common prosperity push does not mean ‘killing the rich’, official says