In the runup to China’s twice-a-decade Communist Party Congress, many
analysts have turned bullish on the Chinese economy. Some of the
optimism is based on an impressive
recovery since
the quasi-crisis of late 2015 and early 2016, some on hopes that a
strengthened President Xi Jinping will emerge from the congress to
restart far-reaching reforms. Whatever the cause, though, the giddiness
is ill-founded.
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