News Analysis A few months ago, Chinese leader Xi Jinping touted “common prosperity.” But in recent weeks, Beijing has barely mentioned it and instead began referring to a modified version of the policy, called “third distribution.” “Common prosperity” is broadly believed to be a method of “killing the rich to help the poor,” which means that the rich are forced to share their wealth with the poor. The Chinese Communist Party (CCP) began talking about “third distribution” after the “common prosperity” policy caused major concern among private business owners, who fear that they might lose all their wealth. Chinese entrepreneurs faced a similar challenge years ago, when the regime promoted its “Guo Jin Min Tui” policy, which means “state-owned enterprises are to lead the economy and private industries are to retreat.” This was eventually replaced by “common prosperity.” During the CCP’s most important annual meeting, which was held between March 4 …