Xi Jinping is not for the turning on property:
China’s top leaders including President Xi Jinping vowed to make industrial policy their top economic priority next year, a letdown for investors hoping to see more forceful stimulus to boost growth.
The ruling Communist Party’s annual economic work conference made building a “modern industrial system” its No. 1 goal, up a place from last year. The priority for 2023 was boosting domestic demand, which fell to the second spot as policymakers put greater emphasis on developing cutting-edge technology and artificial intelligence.
