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Chinese Policymaking Made Easy with Trivium China
ChinaTalk
The Proactive Approach to China's Economic Challenges
Since July basically, they've, instead of being on the front foot from a policy standpoint, have been on the back foot and have been reactive. And that's where policy is not good. So what they've done since that time is basically say, we're not going to give up the priorities that we had before. But we also want banks to support the private sector, which is inherently more risky activity.
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