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Chinese President Xi Jinping is signaling compromise to a rival political faction as well as to the business world. (Source photos by AP and AFP/Jiji) 
China up close

Analysis: Xi's 'common prosperity' puts cake debate back in oven

As economy slumps, Chinese leaders ask if recipe is right

KATSUJI NAKAZAWA, Nikkei senior staff writer | China

Katsuji Nakazawa is a Tokyo-based senior staff writer and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as China bureau chief. He was the 2014 recipient of the Vaughn-Ueda International Journalist prize.

Amid growing signs of weakness in the Chinese economy, President Xi Jinping's policies are facing headwinds as he pursues the goal of "common prosperity," or sharing the fruits of development.

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