What’s new: As China pushes ahead with its common prosperity drive, local governments shouldn’t be overambitious when setting goals or overpromise on social welfare, according to an official with the country’s top economic planning agency.
“We must be aware that there is still a big gap between China’s development level and that of developed countries, therefore we must ensure and improve people’s livelihood on the basis of sustainable economic development and financial resources,” said Ha Zengyou, head of the National Development and Reform Commission’s (NDRC) department of employment, income distribution and consumption, at a press briefing on Thursday.
