A Chinese investor walks past a screen displaying stocks rising (red is up and green is down) across the board in Shanghai. Photo: AFP
A Chinese investor walks past a screen displaying stocks rising – red is up and green is down – across the board in Shanghai. Photo: Asia Times Files / AFP

As Chinese stocks get their groove back, markets are grappling anew with tension between President Xi Jinping’s long-term policy priorities and investors’ hunger for short-run stimulus. The conflict between the long and short views is nothing new. For decades, the “Washington Consensus” gang has advised Beijing to recalibrate its unbalanced economy, which free market advocates […]

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