Common prosperity /
China pledges to rein in incomes of the wealthy and build common prosperity
China’s top leaders vowed to strengthen regulation of the country’s wealthy people, including “reasonably adjusting excessive” income and encouraging high-earning groups and enterprises to give back to society, according to state media.
The commitment was made Tuesday during an economic policy meeting chaired by Chinese President Xi Jinping as part of efforts to build a society of “common prosperity” and improve the income distribution structure to address social inequality, according (link in Chinese) to the state-run Xinhua News Agency.
The meeting also highlighted “preventing and resolving major financial risks” and enhancing “steady development of finance.”
FINANCE & ECONOMY
Social security fund /
China’s social security fund posts highest return in 11…
