News Analysis “Common prosperity” has been storming in Beijing since August. Many Chinese enterprise owners responded to the program enthusiastically with charity donations and pledged their allegiance to the Party through collective activities. When the Chinese Communist Party (CCP) leader Xi Jinping demanded “common prosperity,” he was eyeing the excessive wealth of the Chinese billionaires and calling the program “an essential requirement of socialism” that will  illustrate how “China will strive to increase the income of those in the low-income group and expand the middle-income group.” Observers recounted the fate of Chinese private sectors under communist rule since Mao Zedong’s era; among the many loyal entities kowtowing to the Party just to survive, there are still tough ones holding up their dignity. Red Capitalists On Oct. 14, the regime’s social media “@XinhuaFinancial” posted a picture of a group of Party member-entrepreneurs in a study session on Xi Jinping’s ruling philosophy …