Xi Jinping points China to Communist Revolution 2.0

President's Mao-like common prosperity policies could end up terrorizing Chinese

20210831 Chinese President Xi Jinping

Xi Jinping marks the Chinese Communist Party's 100th anniversary on July 1. His policies are becoming more like Mao Zedong's. © Xinhua/Kyodo

YURI MOMOI, Nikkei China bureau chief

BEIJING -- Chinese President Xi Jinping on Aug. 17 announced policies toward achieving "common prosperity," a redistribution of income arrived at through new remuneration, tax and donation systems.

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