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“It's clear that the top leadership really wants to convince the world that China is back, and that China is open. Li Qiang faces an uphill battle with that messaging, however, given weak recent economic indicators, declining foreign investor optimism, concerns around China's future domestic policy direction and growing geopolitical concerns regarding China's relationship with Russia, or its designs over Taiwan. The rhetoric doesn't match the reality, at least not yet - and that's going to keep many people anxious. The focus on stability is reassuring, after several years of disruption, but I think a lot of investors are looking for more than that. They're looking for growth and opportunity, not more of the same cautious status quo.”
30 Mar 2023
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