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Zhejiang Province Commits to Common Prosperity by 2035

share-iconTuesday, January 07 comment-icon2 weeks ago 6 views
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Zhejiang Province Commits to Common Prosperity by 2035

Credited from: SCMP

  • Zhejiang, a major province in China, has reaffirmed its goal of achieving “common prosperity” by 2035, a central policy of President Xi Jinping.
  • The provincial government shared a detailed four-phase plan focused on gradual improvements in wealth distribution and a well-off society.
  • This initiative aims to reduce the urban-rural income gap, which has declined from 2.35 times in 2013 to 1.86 times in 2023.
  • By 2025, the province expects to see tangible progress in wealth equity, with significant advancements planned by 2030.
  • The plan includes creating 1 million jobs this year to support a stable labor market and further diminish the income divide.

For further details, read the full article here.

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Common prosperity Zhejiang China Urban-rural divide Wealth gap Xi jinping
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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