Story perspectives

Zhejiang Aims to Narrow Income Gap by 2030

3/1/2026

Summary

Story summary

Ahead of China's annual legislative meetings, Zhejiang, a 2021-designated demonstration zone, advances President Xi Jinping's 'common prosperity' goal.
In Zhejiang province, part of Beijing's 'common prosperity' campaign, the urban-rural income gap narrowed from 1.96 to 1.81 between 2021 and 2025.
The improvement raises concerns about avoiding Silicon Valley's inequality amid technological growth.
Local authorities aim to cut disparities by 2030, targeting per capita GDP and average income near developed economies.

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Story summary

Ahead of China's annual legislative meetings, Zhejiang, a 2021-designated demonstration zone, advances President Xi Jinping's 'common prosperity' goal.
In Zhejiang province, part of Beijing's 'common prosperity' campaign, the urban-rural income gap narrowed from 1.96 to 1.81 between 2021 and 2025.
The improvement raises concerns about avoiding Silicon Valley's inequality amid technological growth.
Local authorities aim to cut disparities by 2030, targeting per capita GDP and average income near developed economies.