Posted 12/11/2023, 10:00:17 PM
Beijing Signals Steadier, Gradual Economic Policies to Avoid Disruption
- Beijing signals more cautious, stable economic policymaking to avoid disrupting businesses and economy
- Aims to "seek progress while maintaining stability" and "establish the new before abolishing the old"
- Comes after missteps like taking green drive too far too fast and disrupting energy supplies
- Step-by-step approach planned for issues like decarbonization, common prosperity, local debt
- Beijing wants to grow economy first before deciding how to redistribute wealth under common prosperity drive