Xi’s ‘Common Prosperity’ drive triggers a rare debate in China

The competing viewpoints in China's media space points to internal confusion over just how far Xi Jinping plans to go in reining in "disorderly capital expansion". - Reuters

BEIJING (Bloomberg): In a country that regularly censors opposing viewpoints, Chinese President Xi Jinping’s push for "common prosperity” has triggered something unusual: A spirited public policy debate.

On the one side are those sharing the views of blogger Li Guangman, whose commentary last month calling Xi’s regulatory crackdown a "profound revolution” was published widely by major state-run media outlets. It proclaimed "the capital market will no longer become a paradise for capitalists to get rich overnight” and "all those who block this people-centered change will be discarded.”