China is imposing harsh regulations on private education, big tech, and billionaires. The new Cold Warriors in the U.S. government and media call these moves authoritarian, leftward tyranny, and bad for business. But Chinese president Xi Jinping calls it part of a “common prosperity” agenda to create a more equitable society on the road to building socialism.

To help understand the Chinese point of view, Rania Khalek was joined by Tings Chak, a writer and researcher with Dongsheng News and the Tricontinental Institute.