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(name): a policy plan designed to reduce inequality through redistribution of resources and development policies
One of the tests to see in China is to try to choose which words to follow. The integration of clear political rhetoric blocks the history of Chinese communism. How many of us, for example, remember what is meant by “Three Representatives”, “Every Two” or “Scientific Perspectives on Development”.
But “common prosperity” requires unquestionable respect. The first mention by Xi Jinping, China’s leader, at the end of 2020, has become his own this year.
“Ordinary weight“, according to Xi, will be one of China’s top priorities for the next 15 years. It demonstrates the goal of reducing economic inequality by reducing the huge gap between rich and poor.
The President has clearly stated one reason why the statement is so popular: he does not want China to face a disaster like the US. “Wealthy and poor people in some countries are falling apart because of the collapse of the middle class. This has led to divisions, political divisions and population growth, ”he said. he said in August.
Currently, a number of policies have been implemented under the “common prosperity” banner. Xi has asked for the establishment of a property tax, with the aim of making the rich richer by owning more valuable goods.
Similarly, he says, rich people should “give back to the masses”. Older pensions and benefits for the poor should be increased. But – in another clear warning against western pursuit – Xi warned against falling into the trap of “lazy promotion”.
In short, “ordinary development” quietly recognizes that although China has been building “socialism” in the last forty years, it has established one of the most unequal groups in the world. The time has come, Beijing says, to fix this.
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