Inequality is on the rise in China. While some bask in limitless luxury, tens of millions of migrant workers have to make do with meager wages. The leadership wants to fight inequality and has proclaimed "common prosperity" as its goal. What is causing the gap between rich and poor? And is it possible to draw any conclusions for political measures to overcome this inequality?
By Nico Beckert
In China, art fairs such as the recent one in Shanghai are once again attracting visitors, although due to Covid restrictions they come almost exclusively from within the country. For years, artworks by renowned foreign artists were considered a safe investment by Chinese collectors. But more and more young collectors are now turning to domestic art – and political developments are causing concern in the industry.
By Ning Wang
"Common prosperity" is currently the main slogan of China's President Xi Jinping. Curbing inequality could significantly shape the country's policies in the coming years. But is Beijing really aiming for a major societal shift? Or are the many speeches about "common prosperity" more an expression of a new populism?
By Nico Beckert
"Common prosperity" has been China's dominant political phrase in recent months. But it is more than a mere hollow phrase. The concept describes China's search for a sustainable balance between economic growth and social justice.
By Redaktion Table
