Small Spaces, Big Ideas
In a world where urban challenges often seem insurmountable, Caochang offers a hopeful reminder that solutions can be found through cooperation, compassion and community involvement.
In a world where urban challenges often seem insurmountable, Caochang offers a hopeful reminder that solutions can be found through cooperation, compassion and community involvement.
Through its unique approach to rural road development, China has effectively addressed transport bottlenecks that previously impeded economic growth and people’s incomes, offering valuable insights and solutions for global poverty reduction.
Cultural tourism can be a big driver of economic growth. However, authorities need to be on constant guard against environmental degradation and commercialization.
Making agriculture a cornerstone of policymaking is directly connected to all-round rural revitalization in China.
The United States, therefore, needs to be the first country in history to reinstate a universal safety net, perhaps like the one in China called dibao.
Common prosperity is part of a process, not a decision made out of the blue, and has long been embedded in the national policies and development plans since the commencement of the reform and opening-up drive.
Common prosperity is about sharing wealth with the ‘Third Distribution’ being one mechanism to achieve this. Levelling up says nothing about the contribution expected from the wealthy.
Extreme poverty has been eliminated and more than 770 million have been lifted out of poverty since 1978, which equals 70 percent of the world poverty alleviation total over the same period.
Seeking common prosperity will not lead to common poverty, but aims to build a fairer and more sustainable society.
China’s vision of common prosperity is a recognition that a prosperous society and perpetuating growth is not defined purely by a small cohort of wealthy people, but the circulation of wealth throughout society as a whole.
Common prosperity is not tantamount to the equal distribution of social wealth, but it does intend for the rational redistribution of an ever-rising total social wealth that meets the population’s needs.
As for China itself, the battle against poverty is not yet over. The next steps are to reduce relative poverty and inequality, vitalize central and western rural areas, and bridge the urban-rural gap.