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As China slows, Asia gets the shudders

As China’s economy plots a slower course, Asian governments, CEOs and investors are rushing back to the drawing board to stress-test earlier assumptions about 2022.

The good news?

Chinese policymakers are signaling an energetic effort to keep gross domestic product north of 5%. After a surprisingly assertive interest rate cut on January 17, the People’s Bank of China seems ready to stimulate anew in the weeks and months ahead.

And the bad news?