Published: February 9th, 2022,
Last updated: February 9th, 2022
The „common prosperity“ for all Chinese is a colossal undertaking that is not only supposed to secure Xi Jinping a place in the history books, but above all, legitimize his lifelong tenure as head of state. However, how the leadership actually intends to accomplish the redistribution of wealth remains a relatively open question, writes Nico Beckert. In fact, the gap between the rich and the poor in the People’s Republic is growing ever-wider.