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China’s date with real deleveraging will have to wait

First published: Financial Times 25/01/2018

With a sharp cyclical rebound in 2017 and ahead of the 19th Party Congress, Xi Jinping’s government initiated assertive financial regulation, as well as greater party control over the operational management of enterprises and the lives of citizens. Concerns about the economy and rising debt were elbowed aside, but as the intensive policy-driven factors behind the upturn fade, the economy, and the next policy shift, will come back into sharper focus…Read on…