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Chinese Economic Management Framework Stir-Fry
Ingredients
Ingredients
Various structural changes
Monetary tightening
Fiscal policy
Local government debt
Real estate sector
Regulatory regime
Shadow fiscal system
Shadow financial system
Land transaction revenues
Moral hazard problem
Done
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In a wok of various structural changes, add monetary tightening and stir until economic fluctuations shift to a difficult-to-cool-down model.
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