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China’s economy in 2023: How far will the shift from politics to pragmatism go?
The end of the zero-Covid policy will be key to China’s economic fortunes this year. Signs of a reining in of political control over the private sector will also have a bearing.
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The dramatic about-turn in China’s Covid-19 policies will likely be the most decisive event for China’s economy in 2023.
PHOTO: EPA-EFE
Bert Hofman
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The pictures Chinese President Xi Jinping puts up on his bookshelf during his traditional New Year’s speech provide rich food for thought for China watchers. This year, the most prominent new pictures were that of President Xi with his two predecessors Hu Jintao and Jiang Zemin – perhaps to assuage rumours that the unceremonious removal of Mr Hu
Also featured was Mr Xi Zhongxun, Mr Xi’s father, with then President Jiang. Xi the elder was a prominent reformer under Deng Xiaoping, who piloted China’s most successful special economic zone, Shenzhen. In his speech, President Xi also lauded Mr Jiang, who died on Nov 30
