Chinese President Xi Jinping’s drive for “common prosperity” is set to have a defining impact on life in the world’s most populous country over the next few decades in a policy shift described as a “profound revolution” by state media.
At its core is a campaign to redress chronic inequality across China that is collateral damage from more than four decades of breakneck economic growth. It’s unleashed a swingeing regulatory crackdown on everything from big tech and gaming companies to private tutoring firms and housing prices.
