China’s path to common prosperity puts pressure on private enterprise

Nov 10, 2021 | INVESTING

This is the final part of a series on China’s new push for “common prosperity”. Here, Jane Cai looks at the impact on the country’s wealthy.With wealth inequality worsening amid the Covid-19 pandemic, the world’s rich are under pressure to show their generosity.Most famously, Tesla CEO and SpaceX founder Elon Musk and Amazon.com founder Jeff Bezos were called out by the UN World Food Programme’s director David Beasley, who said rich people like them should donate a fraction of their wealth to…

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