China Ramps Up Populist Measures in Bid for Economic, Social Stability

CCP leader Xi Jinping appears on a large screen as performers dance during a mass gala marking the 100th anniversary of the Communist Party at the Olympic Bird's Nest stadium in Beijing, China, on June 28, 2021. Kevin Frayer/Getty Images

Commentary

A flurry of new measures announced by Beijing in early September signals that the Chinese Communist Party (CCP) is serious about structural changes toward “common prosperity” in a bid to steady a floundering economy and maintain social stability.