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China over the week
Xi Jinping’s ‘common prosperity’ campaign dominated the news over the past week. Xi’s campaign wants to refashion China’s economy by redistributing wealth and philanthropic activity, among other policy areas.
On 30 August, Xi Jinping held a high-level meeting in which he is said to have “approved a series of guidelines” on anti-monopoly, common prosperity, fighting pollution and intellectual property rights.
Read: China’s Xi Had a Very Busy Week. Here’s What He Said and Did – Bloomberg
Common prosperity has a history in the Communist Party’s thought.
The first article using “common prosperity” in a headline in the People’s Daily was published on 12 December 1953, part of a series in the paper called ‘Promoting the General Line to the Peasants’, wrote David Bandurski in China Media Project.
The concept didn’t find much support during Deng Xiaoping’s era. Xi Jinping made common prosperity a central theme of his speech at the 2017 party congress. He referred to the idea in 2012 before becoming the General Secretary of the party.
Beijing hopes to shake the private sector and reorient its focus to common prosperity through a series of regulatory actions and the promotion of philanthropy.
Read: A History of Common Prosperity – David...
Read Full Story: https://theprint.in/opinion/chinascope/subramanian-swamy-popular-on-chinese-social-media-and-xi-rules-on-sissy-idols/728364/
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