A pedestrian walks by an electronic screen displaying the stock figures for the top 10 turnover stocks on March 16, 2022 in Hong Kong, China. Picture: Getty
A few days ago, after months of turmoil in China’s financial markets, a senior economic policymaker and adviser to the Chinese Communist Party leadership said something startling. Liu He, who chairs the country’s financial stability and development committee, said the party-state would “actively introduce policies that benefit markets”.
That is quite a statement from the CCP, which for four decades has enabled the most dramatic and successful economic...
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