SINGAPORE: China is top of every investor’s mind, as they try to understand its policy shift towards"common prosperity".
One should not forget China’s economic miracle over the past four decades occurred under a hybrid of capitalism and socialism. But China is pressing on with its ambitious Vision 2035 plan to double gross domestic product in the next decade – no easy feat for a fairly mature economy.. It recognises that the private sector has been a vital engine of growth and jobs, making up more than 60 per cent of the economy and 70 per cent of technological innovations.
Externally, China’s wants to foster stronger regional trade and investment partnerships with Southeast Asia, the Belt and Road region and developing economies. In Zhejiang, a pilot programme to demonstrate common prosperity by 2025 has introduced policies designed to reduce inequality, by raising incomes through private sector investment in poorer areas and encouraging rural residents to start their own businesses. If successful, it will be replicated in other cities to encourage private enterprise and consumption.
Calling it a top.
還是很多人往那裏跑去，還帶了很多錢過去。