Orginal Article

Promoting the Reform of the Income Distribution System to Facilitate the Realization of Common Prosperity

  • LI Shi 1 ,
  • ZHU Mengbing 2
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  • 1. School of Public Affairs, Zhejiang University and Institute for Common Prosperity and Development, Zhejiang University, Hangzhou 310058, China
  • 2. Business School, Beijing Normal University, Beijing 100875, China

Published date: 15 Mar 2022

Copyright

2022 Higher Education Press

Abstract

Common prosperity is the essential requirement of the socialist system, and one of the important goals of China’s modernization. Common prosperity is a long-term goal, and its realization is a long-term development course. This paper expounds on the connotations and fundamental requirements of common prosperity, discusses the challenges anticipated in realizing common prosperity in China from the perspectives of income gap, property distribution gap and public services, and expatiates common prosperity as a long-term and complex course involving many difficulties. Next, this paper proposes a detailed plan for the realization of common prosperity by reforming the income distribution system and promoting the equalization of basic public services, with the view of improving the capacity of all the people to develop in a comprehensive manner.

Cite this article

LI Shi , ZHU Mengbing . Promoting the Reform of the Income Distribution System to Facilitate the Realization of Common Prosperity[J]. China Economic Transition, 2022 , 5(1) : 83 -93 . DOI: 10.3868/s060-014-022-0004-5

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