Policymakers, wary of inciting reckless borrowing in real estate, are instead investing heavily in factories and trying to help indebted local governments.
Tag: National Development and Reform Commission (China)
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China Details Plans to Stimulate Consumer Spending
The central government listed measures aimed at prodding people to open up their wallets, but absent was how much it will spend to support the stimulus plan.
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Meet the Xi Jinping Loyalist Now Overseeing China’s Economy
He Lifeng’s long career in government has spanned the extremes of China’s approach, from the early embrace of small business in the 1980s to today’s tighter state control.
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Xi Jinping Picks Team to Work Under Him for the Next Five Years
As Xi Jinping starts his third term as president, he is pushing sweeping changes to the rest of the country’s leadership to elevate his allies.
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Why China Is Turning the Screw Tighter on Oversight of Banking and Tech
A series of regulatory changes approved this week reflect the increasingly centralized control of Xi Jinping, newly confirmed for a third term as China’s president.