EconomyXi's 'common prosperity' forces Wall Street to rethink China risks
Reforms to reduce wealth inequality bring pitfalls and opportunities for private sector
Chinese President Xi Jinping applauds at a meeting commemorating the 110th anniversary of Xinhai Revolution at the Great Hall of the People in Beijing on Oct. 9. © Reuters
JACK STONE TRUITT, Nikkei staff writer
October 23, 2021 02:30 JST
NEW YORK -- A week after details of Chinese President Xi Jinping's new political slogan "common prosperity" were published in a Communist Party journal, investors on Wall Street are coming to the realization that the world's most populous country may be on a significantly different path from before.