Common prosperity: the path toward the rejuvenation of the chinese nation

Abstract

This article offers an analysis of the notion of common prosperity (共同富裕, gòngtóng fùyù) as a central axis of the development policy of the People’s Republic of China in the Xi Jinping era. Drawing on a combination of official sources, think tank reports, journalistic analyses, and academic literature, the text reconstructs the philosophical and historical roots of the concept, traces its evolution from Mao Zedong and Deng Xiaoping to its contemporary revitalization, and examines the associated public policies: poverty eradication, market regulation, real estate sector reform, the expansion of public services, and the inclusion of ecological transition as an inseparable component of prosperity. The article also incorporates a specific section on the implications of common prosperity for China’s foreign pol- icy and for potential synergies with countries of the Global South under the idea of a "community with a shared future for mankind”. Ultimately, this chapter argues that common prosperity represents not only an economic strategy for national development but also a fundamental guide to the principles, values, and norms that shape the actions and decisions of the Communist Party of China—namely, an ethic.