Chinese citizens are facing growing inequality in wages and wealth, constraining the country’s “common prosperity” agenda at a time of slowing economic growth, a prominent economist has warned.Offering a rare glimpse into economic distribution beyond official statistics, research by Li Shi, dean of the Institute for Common Prosperity and Development at Zhejiang University, showed that China’s wealth Gini coefficient – a measure of inequality – rose from 0.45 in 1995 to above 0.7 in 2023.The...