According to a Bloomberg report, Chinese President Xi Jinping’s use of the term “common prosperity” surged this year – a further indication of the Communist Party of China's commitment to closing the country’s yawning wealth gap. Dr Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs, shares more about the term’s origin and how it would be used to reform the Chinese economy.

<p>According to a Bloomberg report, Chinese President Xi Jinping&rsquo;s use of the term &ldquo;common prosperity&rdquo; surged this year &ndash; a further indication of the Communist Party of China's commitment to closing the country&rsquo;s yawning wealth gap.&nbsp;<strong>Dr Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs</strong>, shares more about the term&rsquo;s origin and how it would be used to reform the Chinese economy.</p>

Advertisement