Manage episode 301199733 series 2927946
China's Common Prosperity is a new ideology. It changes dramatically the operating system of the Chinese economy from creation of individual wealth to serving common prosperity by creation of a new middle class. This is not a typical marxist-leninist goal of hefting the masses. It literally targets the creation of a new middle class through state intervention. This alters how investors are rewarded. But more so, how Chinese society works. It is closely linked to what we have seen in terms of the dramatic increase in regulation of the private sector.