— moderate wealth for all, rather than just a few — has emerged as Beijing's impetus for these new policies.
“Markets may have become so focused on the regulatory storm that they ignore the elephant in the room: Beijing's curbs on the property sector, which makes up one-quarter of China's economy and half of the global construction business," Lu said in an Aug. 24 report.
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Is the love of money the root of all the evil in the world?
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