President Xi is planning what some experts say would be a dramatic about-face after pursuing economic growth for decades, trying to restructure society by cracking down on China's super-rich and redistributing wealth more evenly among its population.
But although forecasts predict China's economy, the country also has one of the highest levels of income inequality of any major world economy.
China was the only major economy that expanded last year, having largely eliminated the coronavirus after it was first detected there in late 2019. But in recent years there has been an overall slowdown in the country's stratospheric economic growth, which had been a"crucial pillar of the Chinese Communist Party’s political legitimacy," according to Strange at the University of Hong Kong.
A child eats a snack in her temporary 290 square-foot studio apartment in Hong Kong. Squeezed into the tiny temporary apartment, her family struggles to make ends meet in the notoriously unequal city.Some tech giants have responded to the government's regulatory crackdown by promising cash for philanthropic social programs. One of China's largest companies,
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