Worried by a worsening economy, Beijing is expanding stimulus measures with incentives to consumers to buy big-ticket items and assuaging private entrepreneurs’ fears of policy biases against them.
Tentative moves to loosen hukou restrictions in Zhejiang suggest a newfound willingness to tackle politically-sensitive reforms to bolster long-run growth.
Policymakers’ hopes seem to be for a better-managed but slower pace of growth that is in line with China’s demographic and other fundamentals.
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