Understanding China's New Common Prosperity Significance, Connotations, and Goals

This book explains China's new common prosperity policies—their significance, connotations, and goals—and explains the economic logic behind these often misunderstood policies. First, the authors explain the theory behind common prosperity. Why is the Chinese government changing its economic policies now, and what is its objectives and metrics? The authors then go on to explain how the new policies are being designed, what the test cases are across the country, and how the government, businesses, families, and individuals are working together to promote common prosperity. An important book that will help scholars around the world understand China's new economic bottom line. This book will be of interest to economists, sociologists, and sinologists.

Liu Yuanchun is the President of Shanghai University of Finance and Economics, and the former Vice President of Renmin University of China, a member of China Finance 40 Forum and Chinese Economy 50 Forum, a distinguished economist, and a member of the expert committee of the 14th national five-year plan.

Song Yang is a professor in School of Economics of Renmin University of China and holds a Ph.D in economics from Cornell University specializing in development and labor economics. He was selected into the 100 innovative young people program of China Association for Science and Technology.

Wang Fei is an associate professor of the School of Labor and Human Resources, Renmin University of China, and a research fellow of the Institute of common prosperity and the Institute of national development and strategy.

Zhou Guangsu is an associate professor at the School of Labor andHuman Resources, Renmin University of China, and an ‘outstanding scholar’ of Renmin University of China.