Common prosperity， as a defining feature of Chinese path to modernization， demonstrates distinctive value in both theory and practice. The legitimacy of value generation in common prosperity manifests itself in endowing socialist wealth production with progressive significance. Rooted in China’s ownership structure， it coordinates people’s common interests to transcend capital logic， achieving civilized premises for wealth production and socialized production patterns， thereby promoting both wealth creation and value realization. The rationality of its value connotation lies in adhering to socialist orientation， harmonizing the social and market dimensions of wealth circulation， and unifying efficiency with fairness in wealth distribution， thus shaping an orderly social wealth circulation pattern. The value orientation of common prosperity reflects its people-centered nature. It adheres to the development philosophy of putting people at the center by working for the people， relying on the people， and enriching the people， respects the principal position of the people， and aims to promote the all-around development of individuals. The value realization of common prosperity is rooted in reality， and the practice of common prosperity aims to promote the transformation from reality to necessity， embodying the unity of goal orientation and solid action， conformity to laws and to purpose， and balancing dedication with capability. The value logic of common prosperity is a contemporary reflection of the original aspiration and mission of the Communist Party of China， holding significant importance for understanding the Party’s philosophy of common prosperity and grasping the essential requirements of the Chinese path to modernization.