China Crackdowns Multiply as Xi Pushes for ‘Common Prosperity’

China’s regulatory onslaught shows no signs of slowing as President Xi Jinping tries to remake the world’s second-largest economy.

Xi’s “common prosperity” campaign kicked into overdrive this week, following an Aug. 17 meeting of top economic policy makers that outlined new strategies to tackle China’s yawning wealth gap. The flurry of activity included a regulatory vow to step up tax enforcement, a top court ruling against labor abuses in the private sector and a government denouncement of excesses in “fan culture.”