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Powell Set to Lay Groundwork for Higher Rates
Bloomberg Businessweek
The Private Sector Is the Key to Reviving China's Economy
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China has to shift the drivers of growth decisively. They have to turn around the drivers. Now it's all about the consumer, and to do that, they're going to have to retool their whole economy. That is going to mean a redistribution of income away from local governments towards the household. But at the same time Xi Jinping wants the party in control of everything, top-down control.
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