The bull in common prosperity and the gap Xi is trying to close
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Nobody has missed the recent "bull" in common prosperity when it comes to China. The market and the private sector are in second place. Politics is the main focus. TS Lombard sums it up:
"Success is far from guaranteed, of course, and the shift will encounter plenty of road blocks along the way, especially as GDP growth slows and external pressure led by the US increases. But, with the Communist Party increasingly convinced that it needs to exercise control in all policy sectors to achieve victory in its “great struggle”, the economic transition is set to be pursued as an article of political faith."
"Success is far from guaranteed, of course, and the shift will encounter plenty of road blocks along the way, especially as GDP growth slows and external pressure led by the US increases. But, with the Communist Party increasingly convinced that it needs to exercise control in all policy sectors to achieve victory in its “great struggle”, the economic transition is set to be pursued as an article of political faith."