With the guidance of Xi Jinping's new socialist ideology with Chinese characteristics, "common prosperity" is not only a wealth income indicator, but also the degree of social civilization that benefits all the people for the five-sphere integrated plan and the four-pronged comprehensive strategy. In the three development phases put forward by the 19th National Congress of the Communist Party of China, gradually achieving the “common prosperity” has its clear meaning.For a long time, there have been misunderstandings about what is "common prosperity" and how to understand private economy promoting “common prosperity”. We must correct them and have a clear and correct understanding.Private economy promotes extensive employment, poverty alleviation and social philanthropy. It is an important force in winning the battle against poverty and eliminating the "absolute poverty". The stronger the private economy develops, the more wealth it can create. The growth of private economy can expand the middle-income group of our country and help to eradicate poverty completely. Private entrepreneurs are important builders of "common prosperity”.
