China president Xi continues to push the goal of common prosperity ...Middle East

Amid China's struggling demographic landscape, this can be seen as one of Xi's solution to try and turn things around in the next decade or so.

As a reminder, one of the main goals of common prosperity is to narrow the urban-rural income gap "to a reasonable range". And Xi says China will definitely make "substantial progress" on this by 2035. The mindset that he is trying to create is essentially one where "those who get rich first should help those left behind". It's noble thinking but unfortunately, one can never underestimate human greed in this capitalistic world.

This article was written by Justin Low at www.forexlive.com.

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