CHINA’S ECONOMY STUMBLES: Common Prosperity Plan Faces Uncertain Future
DHARAMSALA, 20 Sept: China’s “Common Prosperity” initiative, launched by President Xi Jinping in 2021, which sought to address deep-seated inequalities aiming to create a more equitable society and reduce economic inequality, has sent shockwaves through China’s professional class. Thousands of educated workers once driving the country’s rapid growth now face decreasing salaries, job insecurity, reduced access to international education, and government scrutiny of luxury lifestyles, reports WION.
Read more