Wang Huning, a former academic, is a household name in China, and has the ear of the most powerful Chinese ruler since Mao Zedong
As China marches toward what Xi Jinping calls “the great rejuvenation,” it has become increasingly plain that Western political ideas no longer hold any currency within the Party. Wang, who has the ear of the most powerful Chinese ruler since Mao Zedong, holds the revised blueprint. Last August, the Party unveiled a new slogan. The “Common Prosperity” campaign purports to redress China’s widening wealth gap. The concept was introduced after a year-long regulatory assault on the private sector, as well as a cap on real-estate borrowing that led to the default of one of China’s largest property developers, China Evergrande. But beneath the program’s economic emphasis lies a deeply cultural, Wang-esque logic.
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