Asian Insider
Beijing strikes fine balance in common prosperity drive
Policymakers trying to keep entrepreneurial spirit alive while addressing wealth gap
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China's latest drive to close the widening gap between its rich and poor by clamping down on top earners like tech billionaires has stoked fears the world's second-largest economy will lose its lustre.
Concerns about heavier government intervention arose last month, after policymakers vowed to "adjust excessive incomes" in China, where the top 1 per cent holds more wealth than half of the population.