BizBeat Ep.215: 'Common prosperity' requires continued support for private sector

For China, to promote "common prosperity" in the pursuit of high-quality development is never intended to "rob the rich to give to the poor". Rather, it is expected to cement private sector's role in economic development. Tax reform, a welfare system and a rational wealth redistribution system can help the country pursue equality while ensuring the efficiency of the economic growth, as CGTN's Kate Kui explains. 

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