for economists Most of China's major economic events in 2022 will reflect the key national agenda of shared prosperity.After helping billions of people out of extreme poverty and achieving

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the goal of creating a moderately prosperous society in all aspects of the country. China attaches great importance to achieving common prosperity. This means the wealth that everyone has in common

both materially and culturally. to bridge the gap between regions, cities and rural areas and in people's income Commenting on the backdrop, Jeremy Stevens, China's chief economist

at Standard Bank, said: Next year's distribution efforts will be divided into three main categories: reducing household costs; increasing household income and giving people the opportunity to create more wealth

Policy initiatives to reduce accommodation costs and increase rental rates Health care, education, childcare and elder care. It would put both the federal and local governments on some financial burden,” Stevens told CGTN.