Common Prosperity:A Key Feature of Chinese-style Modernization
The pursuit of common prosperity is an essential requirement of socialism and a key feature of Chinese-style modernization.Common prosperity has been a continuous theme throughout China's modernization process.Today,it serves not only as a development concept that integrates efficiency and equity,but also as a modern governance system encompassing complex institutional designs and arrangements.Its core policy issues include:achieving breakthroughs in growth limits through high-quality development,optimizing resource flows through distributive justice,empowering individual development through public services,promoting spatial justice through regional coordination,fostering human development through spiritual enrichment,and viewing development through the lens of governance.Common prosperity transcends traditional developmental states and welfare states,emphasizing the achievement of mutual progress for the state and individuals,the economy and society,within a framework that coordinates multiple stakeholders,engages in multidimensional spatial interactions,and balances diverse goals.It stresses the elimination of structural injustice caused by institutions through innovations in systems and mechanisms,responding to global calls for justice and institutional reform.In the future,key issues related to common prosperity include the timing and scope of adjustments between efficiency and equity,the"new scarcity"and distribution issues in the digital technology era,as well as the long-term,arduous,and complex nature of common prosperity.
common prosperityChinese-style modernizationgovernance systeminstitutional mechanismjustice
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