The Road Towards Common Prosperity

This book introduces how China plans and implements to achieve the goal of common prosperity. As the internal essential requirement by Chinese social and economic system, common prosperity is a coherent national strategy to combine economic growth and poverty reduction. It explains the path as how to make the "pie" bigger and better, and how to cut and divide the "pie" well . This book also expounds the development thought with Chinese characteristics, which is people-centered and promotes all-round human development, and its achievements. This book helps readers understand China’s path and experience to achieve the common prosperity goal.

Describes the forces driving the next stage of globalization, which the author predicts will be a period of expanding wealth, opportunity, and international cooperation.

"Report prepared by the Europe and Central Asia Region, World Bank, in close consulation with the International Monetary Fund ... "--P. ix.

This book is open access under a CC BY-NC-ND 4.0 license. This book is arranged and developed around the theme of “2050 China,” it analyzes the factors and advantages of the Chinese road to socialist modernization, explores and summarizes the development goal and the basic logic of the socialist modernization of China, and further shows the general basis of the primary stage of socialism. According to the report delivered at the 19th Party Congress, and according to the “two-stage” strategic plan, this book looks ahead in detail to the overarching objective and sub-objectives of essentially achieving socialist modernization by 2035, discusses the building of a great modern socialist country in all respects from the perspective of the Party’s six-sphere integrated plan of economic, political, cultural, social, ecological civilization, and national defense construction, and provides policy proposals. This book also analyzes the influence and the effect of the socialist modernization with Chinese characteristics on the world and it further presents the third centenary goal. In conclusion, this book is an elaboration of the work of the Institute for Contemporary China Studies, Tsinghua University. It reflects the intellectual innovation in the authors’ research on contemporary China, as well as the authors’ foresight and predictions about China’s future development.

This book exploratively reviews and refines the theoretical system of economics with Chinese characteristics and the analytical framework of Chinese path to modernization. This book aims to reveal answers to the three questions: what has the theoretical system of economics with Chinese characteristics inherited and developed? What are the experiences and lessons of all countries’ modernization in the world? What is the universality and particularity of Chinese Path to Modernization? As conclusion, the author draws a clue to understand Chinese path to modernization, which is neither “making up for the lessons” nor a “convergence”, but an “innovation” built upon the general principles of modernization. Its universality lies in the overall patterns and trends of modernization, that is, the consistent process of the country's pursuit of national economic growth and people's prosperity. The distinctiveness of this path lies in the concurrent transformation of Chinese economic system and the institutional innovations with Chinese characteristics that unfold throughout this ongoing economic process.

A sourcebook that tells the momentous history of China since 1919, mainly from the viewpoints of participants, including extracts from telegrams, speeches, memoirs, political statements and letters and poems.

This book explains China's new common prosperity policies—their significance, connotations, and goals—and explains the economic logic behind these often misunderstood policies. First, the authors explain the theory behind common prosperity. Why is the Chinese government changing its economic policies now, and what is its objectives and metrics? The authors then go on to explain how the new policies are being designed, what the test cases are across the country, and how the government, businesses, families, and individuals are working together to promote common prosperity. An important book that will help scholars around the world understand China's new economic bottom line. This book will be of interest to economists, sociologists, and sinologists.