China

Xi Jinping has pledged to double the size of China’s economy by 2035, but can he rein in inequality?



China will need to undertake reform to the nation’s tax, welfare and labour policies if it is to reign in inequality and create “common prosperity” for all by 2035, economists say.Following the Central Committee’s fifth plenum in late October, President Xi Jinping said doubling the size of China’s economy by 2035 was within reach, but the country must distribute the fruits of development more fairly.In outlining his 15-year vision for China, Xi said the country “must achieve substantial…



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