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One Thing from Beijing

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    The weekly recap: Chinese leaders’ slow shift toward boosting consumption

    I’m starting to sense that a major macro-policy shift is underway in Beijing – but, as with all such adjustments, it will take a while to fully play out. At least, that’s my take after having had a few days to digest the latest fiscal support package announced by the legislature (NPCSC) on Friday. The shift: Central officials seem to

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