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One Thing from Beijing

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    Waiting for the fiscal shoe to drop

    Drip. Drip. Drip. That’s what we’ve gotten over the past two weeks from Chinese economic and financial authorities – as investors, businesses, and households await details on an impending fiscal support package from Beijing. Policymakers have put themselves in a bind. When the central bank announced a slew of monetary easing measures and the Politburo promised greater “countercyclical support” in

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