For starters, China’s new leadership has moved away from outsize fiscal and monetary stimulus and accepted an economic slowdown, betting on structural change, systemic reform, and sustainable longer-term growth. The key signals will come from the Chinese Communist Party’s plenary meeting in the early fall.
首先，中国新领导层将退出大规模财政和货币刺激，接受经济减速、押注于结构性变革、系统性改革和可持续长期增长。重要信号将在初秋的中共十八大三中全会上出现。