Abstract: Chinese Communists represented by general secretary Xi Jinping founded the thought of common prosperity in the new era and promoted the innovative development of the thought of common prosperity of the Communist Party of China.The thought of common prosperity in the new era originates from the great conception of Marxism, Concise thought of the Communist Party of China in the past century, the generalization of the formation and development of the Chinese style modernization road, the rich cultivation of Chinese excellent traditional culture, the profound grasp of the world and national conditions in the new era of socialism with Chinese characteristics, and general secretary Xi Jinping explore the practical process of common prosperity in local government.The thought of common prosperity in the new era systematically shows its theoretical core from three aspects: great significance, essential connotation and practical path, and deeply answers the major questions such as why to achieve common prosperity, what kind of common prosperity to achieve, and how to achieve common prosperity in the new era.The thought of common prosperity in the new era has become the action guide for the great rejuvenation of the Chinese nation, the direction guide of the Chinese style road of modernization, the symbolic achievement of Marxist thought of common prosperity and the scientific scheme to solve the problem of the world.