Chinese Premier Li Keqiang’s Government Work Report contains exactly one mention of
common prosperity (共同富裕), which is rendered as “prosperity for all” in the official English
translation. It states: "We must act on the people-centred development philosophy and rely on
the efforts of everyone to promote prosperity for all, so as to keep realizing the people’s
aspirations for a better life". The Ministry of Finance’s budget report also contains exactly one
mention of common prosperity, which is simply a note of a provincial initiative: “We supported
Zhejiang in becoming a leader in the exploration of new ways to promote common prosperity through public finance at the provincial level.” Also, the budget sets no goals for the central
government relating to common prosperity. The National Development and Reform
Commission (NDRC), which coordinates much economic policy and planning, in its annual
development report, however, does mention common prosperity a few times. It calls it a “major
goal”, but lists 'common prosperity' as the last of the 10 tasks for its work in 2022. It states:
"With a correct understanding of the main goal of common prosperity and the way to reach it,
we will do everything possible within our means to constantly improve public services and
resolve issues affecting the wellbeing of the general public".
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