China wants to curb excessive incomes & get the rich to contribute more to society ...News

Chinese President Xi Jinping has voiced the idea of “common prosperity,” calling on the country’s authorities to take the necessary steps to support moderate wealth for all. The Chinese president led a meeting on Tuesday that called for “a reasonable adjustment of excessive incomes and encouraging high-income groups and businesses to return more to society,” the state-run People’s Daily reports, as quoted by CNBC. Chinese officials who attended the meeting reportedly specified that progress toward equal distribution would occur in stages. Also on rt.com Fine with a fine: Ali

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