China’s “Common Prosperity” Catch-22: A Deep Dive into Xi Jinping’s Economic Dilemma
In 2021, Chinese President Xi Jinping doubled down on his vision of “common prosperity,” a policy aimed at reducing inequality and uplifting the nation’s lower and middle classes. It’s an ambitious goal, promising shared wealth and opportunity in a country where billionaires coexist with millions earning less than $154 a month. But as I explored…