China’s market reforms and economic restrictions have transformed its economy into a more capitalistic state since 1979. What can it do to ensure equality as costs of living rise and income disparity becomes more pronounced?

China’s regulatory practices defy Western ideals, but show alternative methods of tackling income inequality and social divides. The three most recent crackdowns in education, fintech, and real estate show how China approaches ‘common prosperity.’

In China’s new development stage, the growth cycle needs to address the structural issues of economic growth and take into full consideration the issues of group equity, intergenerational continuity and climate inclusion.