A Debt That Could Stunt China's Economy
Big Take
00:00
The Implications of Xi's Promise for Common Prosperity
People in Huggang are not excited about Xi's goal of common prosperity. They're more focused on their day-to-day lives and what the government is doing to help them make money, they say. People who were trying to operate small businesses feel that the government is looking for more astringently applying restrictions or fines. No matter how generous their take is on their situation the reality is that if we accumulate and add all of these situations up nationally that is not going to help see our China achieve their goal.
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