The Communist Party of China promised that “will share the Economic Pie” with its citizens as part of the “general prosperity policy”. Reports about it Bloomberg.
PRC stated that he would promote the welfare of all citizens and fairly redistributing revenues, implementing the “general prosperity” policy in the country. An official of the Central Commission of the Party for Financial and Economic Issues, Khan Wenshu, said that the party intends to “increase the pie and share it well”, when society becomes moderately prosperous. According to him, the authorities are planning to achieve high-quality development of the economy, increasing the income of urban and rural residents, gradually reduce the gap between the poor and rich and “decisively prevent polarization.”
The new rhetoric of the PRC promises to all residents equal access to public services and more enrichment opportunities. At the same time, the authorities will help citizens to avoid hitting the “welfare” trap, the official said. The state will motivate the population to the stubborn labor and the introduction of innovations, in parallel, adjusting income with taxes and social payments.
Head of the SI Jinping Party is actively promoting a new policy of “common prosperity” aimed at the destruction of inequality in the country. Recently, at a meeting of the PRC, plans were set out on the fight against excessive income and the motivation of rich citizens to “give duty to society”. Large companies have already won the calls of Si Jinping and announced donations to various social responsibility programs. Fintech giants also reported on plans to help other sectors of the economy. For example, Pinduoduo e-commerce company will send 1.5 billion dollars to Chinese farmers. After this statement, the firm shares took off in price.