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Xi targets billionaires

China is still communist according to its title. Therefore, one question is particularly pressing there, and it is currently a concern for many other countries – including Germany and the US. The rich are getting richer much faster than the poor are gaining income. President Xi Jinping has now given China a direction to counteract this: China needs a more equal distribution of income growth, is his policy guideline, which state media proclaimed on Wednesday evening. Plans for more redistribution from the bottom to the top also resonate within his words.

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