Common prosperity is the essential requirement of socialism and the common aspiration of the people. The Chinese Communist Party has always made unremitting efforts for the significant goal of common prosperity. Since the 18th National Congress of the Chinese Communist Party, facing the complex economic situation, the Central Committee of the CCP commands the overall situation under the leadership of Comrade Xi Jinping, unite and lead the the Chinese people with a strategic orientation to strive for common prosperity. However, the new era has endowed the common prosperity with new connotations and requirements. Through in-depth exploration of the connotations and requirements of common prosperity in the new era, we need to summarize and explore the path to achieve common prosperity, finally providing a strong driving force and fundamental rule for achieving the great goal of common prosperity.