China's 'Common Prosperity' Push

The transcript discusses China's 'common prosperity' initiative, a policy aimed at reducing economic inequality and promoting a more egalitarian society. Historically, the focus shifted from collective prosperity to individual wealth under Deng Xiaoping, leading to a significant wealth gap. Recently, the Communist Party has re-emphasized common prosperity, impacting various sectors through regulatory reforms. The initiative's future remains uncertain, with economists cautioning about its impact on an already strained economy.

In what ways are Chinese executives responding to the call for common prosperity?

What challenges does the common prosperity campaign face in the current economic climate?