Abstract: The concept of shared development is an important content of Marxist distribution theory, which reflects the essential requirements of socialism with Chinese characteristics, and is the most direct manifestation of the fairness and justice of the income distribution system. After entering the new era, the problem of unfair resident income distribution between urban and rural areas and between regions is still prominent. The Fifth Plenary Session of the 19th Central Committee of the Party also clearly pointed out that, “There is a large gap between the urban and rural developments and between their income distributions”. According to the concept of shared development, no matter in terms of the main body and content of sharing, or in terms of the process and results of sharing, the current income distribution system in China has many problems that are incompatible with the concept of shared development. The concept of shared development has pointed out the goal and direction for deepening the reform of the income distribution system in China. In August, 2021, the tenth meeting of the Central Finance and Economics Committee clearly pointed out: “It is necessary to correctly handle the relationship between efficiency and fairness, and establish a basic system arrangement for the coordination of primary distribution, redistribution, and the third-time distribution”. For this, when implementing the concept of shared development and deepening the reform of the income distribution system in China, it is necessary to implement multiple policies to form an olive-type income structure group as soon as possible. It is necessary to adhere to the dominant position of public ownership and distribution according to work, and establish a long-term mechanism for shared development to narrow the income gap. It is necessary to make up for the shortcomings in people's livelihood and promote the balanced development of basic public service. It is necessary to innovate the government's adjustment mechanism for income redistribution and the third-time distribution to form an effective guarantee for the realization of shared development. In this way, we can narrow the income distribution gap between the members of society, promote social fairness and justice, and realize the Chinese dream of shared development and common prosperity for all the people.

Key words: the shared development concept, income distribution system, common prosperity, fairness and justice, distribution according to work