Xi Warns China’s Rich

“President Xi Jinping’s rhetoric about ‘common prosperity’ surged this year, evidence of the Communist Party’s commitment to closing the country’s yawning wealth gap,” Bloomberg reports.

“The term appeared sporadically in his first eight years in power. Last year, he began to reference ‘common prosperity’ more often and has picked up the pace: The phrase has appeared 65 times in Xi’s speeches and meetings so far this year, up from 30 in all of 2020.”