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China’s Common Prosperity Drive

  Sep 26, 2021

China’s Common Prosperity Drive

Q Why is it in News ?

A Chinese President Xi Jinping has called for China to achieve “common prosperity”, seeking to narrow a yawning wealth gap that threatens the country’s economic ascent and the legitimacy of Communist Party rule.

Q What is ‘Common Prosperity’?

Q What are Components of the drive ? 

Q Why in news now? 

Q How will it be achieved?

Q What will be the economic impact?