Business Standard

Revolution or chaos? Xi's 'common prosperity' drive sparks China debate

Competing viewpoints in China's tightly controlled media space points to confusion over just how far Xi plans to go in reining in 'disorderly capital expansion'.

Hu Xijin, editor-in-chief of the Global Times
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Hu Xijin, editor-in-chief of the Global Times, poses for a photograph in Beijing on June 5, 2019. (Photo: Bloomberg)

Bloomberg News
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.”

Countering that argument are those like Hu Xijin, editor-in-chief of the nationalistic Global Times newspaper, who rebutted

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