December 2, 2021

The Catholic Transcript

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Shared Prosperity: The Doctrine of Equality Evolving in China and Affecting the World

Shared Prosperity: The Doctrine of Equality Evolving in China and Affecting the World

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Advocating for a less unequal society and fewer inequalities between the rich and the poor is not a new idea in China, but it has gained traction in the rhetoric of Chinese authorities – in the search for “shared prosperity,” focusing on the local population, is likely to have huge repercussions in the rest of the world.

China says its policies to reduce inequality are exactly what the country needs now, and “shared prosperity” has become one of the main banners championed by President Xi Jinping in recent months.

But his critics warn on the other hand. In their view, these measures lead to greater control by the state over how the private sector and society are governed.