On July 1, Xi Jinping, head of the Chinese Communist Party (CCP), declared that China had achieved a moderately prosperous society. At the same time, the Central Financial and Economic Affairs Commission also stated that China’s per capita GDP had exceeded $10,000. However, these statements were very different from those of the CCP Premier Li Keqiang last year.
On July 1, Xi declared that China had achieved a “moderately prosperous society.” What is a “moderately prosperous society?” A moderately prosperous society is the “ideal state of societal living conditions,” according to China’s Baidu Encyclopedia. “It is not only about solving the problem of food and clothing but also meeting the needs of urban and rural development in aspects of politics, economy, culture, society, and ecology.”
