China's top leadership sets path to common prosperity

Farmers load potatoes onto a carrier in Hongrui village of Pingluo county, Shizuishan, Northwest China's Ningxia Hui autonomous region, on Sept 2, 2021. Pingluo developed potato planting industry in recent years to help local villagers increase income. - Xinhua

BEIJING (China Daily/Asia News Network): China's top leadership has set in motion an agenda for the nation to attain common prosperity, a move analysts said could usher in broader reform in the nation's tax system, heavier fiscal spending on public well-being and further expansion of middle-income groups.

More tangible progress toward common prosperity is one of the nation's key long-term targets through 2035, when China is expected to achieve basic modernization.