Understanding China’s road to common prosperity

Background, definition and path

Bibliographic Data

ID12918102
AuthorsShiyun Li (0000-0003-1240-1779, Peking University, corresponding author)
Year2023
Volume16
Issue1
Pages1-13
Publication date2023-01-02
Open AccessNo
TypeARTICLE
VenueChina Economic Journal (JOURNAL)
Journal identifiersISSN: 1753-8963 • E-ISSN: 1753-8971
PublisherRoutledge (PUBLISHER • GB)
DOI10.1080/17538963.2023.2164950
OpenAlexW4316034804
LanguageEN
Citations received6
References cited1

China’s ambition to realize common prosperity for all the people has received worldwide attention since its complete victory over extreme poverty in 2020. This paper summarizes for the first time the “who, what, when and how” that essentially characterizes common prosperity, i.e. common prosperity is prosperity for all the people, is prosperity in all aspects, means step-wise prosperity and calls for joint contribution, and clarifies that it is not equivalent to “becoming rich at the same time” or “being equally well off”, nor is it the same thing as egalitarianism. Contemporary China faces challenges including the development challenge, the distribution problem and the public products supply issue in achieving this long-term goal. Possible solutions may be fostering high-quality development, optimizing income distribution, strengthening the social safety net, achieving effective digital governance and promoting high-level opening-up

China · Corporate governance · Development economics · Economic growth · Economics · Egalitarianism · Management · Political science · Poverty · Prosperity · Quality (philosophy · China's Socioeconomic Reforms and Governance · Chinese history and philosophy · Law

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