Decoding Common Prosperity


Global investors and analysts have been scrambling to decipher "common prosperity" and its implications for China’s future policies and economic prospects. Perhaps the most important place to look for clues is in a manifesto that Xi delivered as a speech to officials at the CCP’s Central Financial Committee in August 2021—a long excerpt of which was later published in Qiushi in October 2021 with the title “Resolutely Advance Common Prosperity.” The manifesto makes clear a fundamental conundrum facing the CCP: how to tame the excesses of capitalism without stifling its entrepreneurial drive. Like governments all over the world, the CCP has not yet figured out how to have its cake and share it, too. Precisely because Xi has no road map to follow, he urges his comrades to adapt and experiment. The ultimate impact of common prosperity will depend on how officials at various levels of the hierarchy interpret and translate Xi’s aspirations into concrete policies.

This distinguished lecture is jointly organised by HKUST Leadership And Public Policy Executive Education Program (LAPP) and Institute for Emerging Market Studies (IEMS). 

It will be moderated by Prof Donald Low (HKUST).  


Prof Yuen Yuen Ang is an expert on China's political economy and the global impact of its rise, and more broadly, the political economy of development. A professor of politics at the University of Michigan and a PhD graduate of Stanford University, her work has been recognized for both its scholarly and public impact. More >>

To attend the event

Register here. Registration closes 1 day before the event.   The Zoom webinar details will be provided by email. 

The webinar will not be recorded.  Please see here for advice from the university's IT office on Zoom best practices for attendees.  

Further Reading

Here are some of Prof Ang's recent articles on related topics: 

1. The Robber Barons of Beijing: Can China Survive Its Gilded Age? 

2. Decoding Xi Jinping: How Will China’s Bureaucrats Interpret His Call for “Common Prosperity”?  

3. Can Xi End China's Gilded Age? 

Links to download the articles will be provided to the webinar's registrants by email. 

Related past event


Prof Yuen was the speaker at a previous webinar on China's Gilded Age: The Paradox of Economic Boom and Vast Corruption co-organized by IEMS and LAPP.