From Monty's post above:

Common Prosperity is more than an economic restructuring or wealth redistribution. On a deeper level, Common Prosperity is a restructuring of the state’s relationship with the individual. It’s a redefining of ethical and moral boundaries in Chinese society.
It will be interesting to see how China responds to the current major issues it is facing at the moment. First, the recent devastating floods. Then the looming collapse of EverGrande. And now this:

https://www.theguardian.com/world/20...l-supply-fears

Widening power shortages in China’s north-east have left homes without power and halted production at numerous factories, while some shops operated by candlelight as the economic toll of the squeeze mounted. Residents in the north-east, where autumn temperatures are falling, reported power cuts and appealed on social media for the government to restore supplies. Rationing has been implemented during peak hours since last week, while residents of cities including Changchun said cuts were occurring sooner and lasting for longer, state media reported. China’s power crunch, caused by tight coal supplies and toughening emissions standards, has hurt production in industries across several regions and poses a risk to already strained global supply chains.

Manufacturers face existing shortages of processor chips, disruptions in shipping and other lingering effects of the global shutdown of travel and trade to fight the coronavirus pandemic. Liaoning province said power generation had declined significantly since July, and the supply gap widened to a “severe level” last week. It expanded power cuts from industrial firms to residential areas last week.
The fallout of the power shortage has prompted some analysts to downgrade their 2021 economic growth outlook for China, and also warned of possible global supply shortages to textiles, toys and machine parts.