Yesterday we had Xi Jinping privileging wider reform attacking the bubble, from Caixin:
Curbing wasteful socialist-era business practices and taming unruly real estate and lending sectors will take center stage at the annual meeting of China’s legislature, which starts next week, with some also looking for signs of a pickup in economic growth.
The annual meeting of the National People’s Congress (NPC) often sets the tone for Beijing’s economic priorities in the year ahead, with many policies hammered out in advance of a session that runs through mid-March. The NPC coincides with the Chinese People’s Political Consultative Conference (CPPCC), a separate meeting that starts on Friday that’s attended by many of the nation’s top business and social leaders who advise legislators on various issues.
