Xi's vision of common prosperity is put to the test • China.Table

Graduation ceremony of students in Wuhan. Around eleven million graduates will finish their studies this year. Job prospects are bleak.

Real estate crisis, protests outside banks and youth unemployment: Many Chinese are feeling the consequences of the strained economy. This has enormous potential for social unrest – and is probably the biggest and entirely home-grown threat to the government in Beijing.

What has happened to several thousand small savers in China’s central province of Henan may have shaken their worldview to the core. For months, they have been unable to access their bank accounts after four regional banks froze them in the wake of an alleged speculation scandal (China.Table reported).

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Xi’s vision of common prosperity is put to the test

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