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China shifts to ‘quality’ growth as US slips into crisis

China is suddenly and dramatically a portrait of stability vis-a-vis the banking chaos erupting in the US

by William Pesek March 15, 2023March 16, 2023

China's newly elected Premier Li Qiang takes an oath after being elected during the fourth plenary session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China on March 11, 2023. Image: Pool / Twitter / Screengrab

As political split screens go, the one playing out in Washington and Beijing this week couldn’t be more different. In the US capital, the Federal Reserve and the Treasury Department are scrambling to contain the worst bank failure — Silicon Valley Bank — since 2008. In Beijing, the energy is future-oriented as leader Xi Jinping’s […]