Building an Olive-Shaped Society

CICC Research has been established since the foundation of China International Capital Corporation, due to its great emphasis on research. CICC Research was the first to establish the sell-side research system, conduct fundamental analysis in market research, and set a cross-border research model of "One team, Global market" in China. With extensive coverage, rigorous research methods, attitudes of independence and objectivity, and thorough prospecting views, CICC Research has positioned itself among the most influential research institutions in the domestic and foreign markets and has won the reputation of "Chinese experts" among clients.

 CICC Global Institute(CGI), established in November 2020, is positioned as a new high-end think tank that is oriented to serving public policy research and decision-making. CGI focuses on the economic and financial fields, grasps the trends of frontier industries, and strives to establish a communication link between China and the world. CGI and CICC Research possess different strengths from each other, serving complementary roles in supporting the national strategy and the company's business development together.

This open access book offers a comprehensive analysis of China's way of economic development balancing between efficiency and equity, striving to investigate existing challenges and to discuss the role of fiscal policies and philanthropy to mitigate social inequality. The book analyzes the current overall state and challenges of China's income and wealth distribution and describes the social inequality in specific fields such as labor market, housing markets, education, public health, infrastructure building and carbon emission. This book also explores the implications of long-run trends of macro-asset pricing.

The book is both academically rigorous and readable. This valuable reference will attract readers in economics, public finance and social policy who seek to better understand China's path of combating social inequality.

From pyramids to olives.- Building a unified and inclusive labor market.- Real estate: Returning to real demand and reducing excessive financialization.- Balancing regional development and carbon emission constraints.- Sharing infrastructure and improving operational efficiency.- Establishing equitable and efficient systems for education and healthcare.- Connecting the hands of government and society to leverage the role of public finance and charity.- The macro trend of asset prices in the age of common prosperity.