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- China shifts its policy focus to ‘growth stability’ – Nomura
China shifts its policy focus to ‘growth stability’ – Nomura
In the wake of the annual meeting of China's Central Economic Work Conference this week, analysts at Nomura analyse the memo of the meeting.
Key quotes
“The memo especially features the ruling party’s return to its long-term core principle of growing the economy since the late 1970s.”
“The memo confirms that Beijing has undoubtedly shifted its policy focus to ‘growth stability’, as it faces mounting downward pressure on growth.”
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