Comment by teitoklien
21 days ago
> what I'm talking about are recent reforms that Xi is taking to accelerate that redistribution such as and introducing salary caps, increasing taxes, and creating more social security programs the rich have to pay into. So China is right now building their strong wealth redistribution network.
and its gdp growth, prosperity, and investment rate going down at an exactly same rate…
Prosperity according to which metric?
"GDP growth" and "investment rate" are just really terrible proxy indicators for the thing most people actually care about, i.e. quality of life for the common person. Without context they're just distasteful weasel words that strongly imply that GDP is somehow representative of the quality of life, which only serves to trick people into voting against their own interests.
So? Quality of life has improved and they have virtually eliminated extreme poverty by focusing on this redistribution[0]. Ask those people how they feel about GDP growth slowing down. They don't care.
[0] https://msadvisory.com/quality-of-life-in-china/