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Conversation

Xi Jinping wants Chinese consumers to be able to spend “without worries,” and he says he's got a long-term mechanism to do just that.

China's Xi vows to help consumers spend 'without worries'

Chinese President Xi Jinping telegraphed plans to revive consumption and reaffirmed an ambition to accelerate the country’s race towards technology independence, two of the biggest challenges facing...

2:01 AM · Feb 2, 2023

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Sounds like a recipe for disaster. “Spend without worrying about the future”

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common prosperity?