The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

President Xi Jinping is attempting to redefine the national purpose with his call for a new political solidarity in pursuit of collective prosperity and national glory – the ‘Chinese dream.’
President Xi Jinping is attempting to redefine the national purpose with his call for a new political solidarity in pursuit of collective prosperity and national glory – the ‘Chinese dream.’
(JASON LEE/REUTERS)

China’s anti-graft drive distracts from a more festering sore

Academics at Peking University have concluded that 1 per cent of Chinese own a third of the nation’s wealth. It could be just another Chinese statistic that boggles the mind; a reminder that Chairman Mao’s greatest legacy has been one of the largest and most rapid accumulations of capital by the few. However, the division of China into haves and have-nots is becoming a political problem: the wealth disparity is making a mockery of President Xi Jinping’s attempt to redefine the national purpose with his call for a new political solidarity in pursuit of collective prosperity and national glory, the “Chinese dream.”