At a time when economic tremors in China are rippling through world, understanding the content of Xi Jingping’s new scripture—Common Prosperity—takes on urgency. It’s either a scary or an inspiring vision, depending on how you view the consequences of China’s aspirations to preeminence. Kok Hoi Wong (CIO, APS Asset Management) joins us from Shanghai to address the economic, political, and societal components of this drive, as well as consider its investment implications.
Important questions we will answer include: What are the main motivations for the leadership to move in this direction? Does this spell the end of capitalism, the death of entrepreneurship, and a return of Maoism? Will this program genuinely reduce inequality and create the foundation for long-term inclusive growth? Is China no longer investable?