China’s common prosperity push may force Japanese businesses to ‘reconsider investment strategy’

Nov 3, 2021 | INVESTING

Chinese President Xi Jinping’s push to achieve so-called common prosperity, aimed at reducing income gaps at home, has sparked concern among Japanese companies that the most populous country would become a less attractive market in the future.Since Xi earlier this year declared the ruling Communist Party had reached its long-held goal of building a “moderately prosperous society,” his leadership has apparently started to levy severe restrictions on the rich in a bid to rectify economic…

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