The Importance of Income Distribution in China

China is taking actions to create a fairer system for the least well off. Could you give us a couple of examples how it does this? It's quite interesting if you look at the guidance that the state council provided to Jo-Jang Province, which is an experimental area for common prosperity. Property taxes play a very important role and the obvious thing is to tax second and third residences. The prevention of housing speculation. New urbanization. So new sustainable types of urbanization. And I've said that's linked to this idea of this second integration of Marxism with China's traditional culture. Canada addressing other gaps between different regions in China.