What we just learned about China’s economy

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Hong Kong’s benchmark Hang Seng stock index fell more than 6% on investor concerns over Xi Jinping’s policies. …

“Keeping that in mind, Li Qiang would actually be a perfect candidate for the job. He is also a strong supporter of President Xi, that means the decision making process will probably be way more efficient than before, given that those decisions are the correct ones,” Dan Wang, chief economist at Hang Seng Bank China said.

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