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In depth: What's standing in way of China's 'common prosperity'?

Academics debate how country's wealth inequality can be addressed

The meeting of the ruling Communist Party's Central Financial and Economic Affairs Commission on Aug. 17 was not the first appearance of the phrase "common prosperity" in a report from China's top leadership.

But the way the phrase was used by at the meeting chaired last month by President Xi Jinping meant that it, and the associated idea of "third distribution," quickly jumped up the policy agenda nationwide.

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