How common prosperity will affect China's private sector

Businesses will not be able to define strategic operational parameters by themselves but need to closely collaborate with the public sector.

China’s pursuit of common prosperity is a huge social undertaking and this will be a game changer in many ways. PHOTO: AFP
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Foreign companies that generate and capture data in China must find ways to satisfy China's data security law while also meeting their home country's data security requirements.

More profoundly, the fundamental nature of some of the businesses will change to some extent. As smart cities which serve the public agenda come up all over China, business models of a range of industries will need to integrate significantly with public infrastructure.

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