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Could XJP be underscoring the importance of stability by pointing out that China's economy cannot afford more pressure at the moment (pressure that would be amplified by efforts to improve lending and, as you said, mitigate to the extent possible the mess in the real property sector).

But, TBH, this is highly speculative (and also surprising, given XJP's resolve to get rid of the most "unsustainable" elements of China's previous "go, go, go" model of economic development, one that was already decaying when he began his tenure as "top leader").

Dec 8, 2023
at
5:09 PM