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Letzte Aktualisierung: August 20, 2021

Xi targets billionaires

China's head of state Xi Jinping has proclaimed the fight against inequality. Forty years after Deng Xiaoping's liberal reforms, he sets a new course for the party: against the wealthy, for new opportunities for advancement. In this way, he wants to save the "Chinese dream."

Finn Mayer-Kuckuk
Finn Mayer-Kuckuk
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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