Chinese authorities are bolstering the economy as the lockdowns continue to inflict pain. But the measures are still too limited.
China will only let up on Omicron under two scenarios, both unlikely for now; enormous economic damage will lead to more policy easing on housing.
The US handling of its “one China policy” is changing over time into something increasingly unfavorable to Beijing.
Beijing set its GDP growth target at “around 5.5%” in early March, which looked ambitious but possible with more easing measures.
Beijing installs former Guangdong governor as new Xinjiang party secretary, signaling a pivot in Xinjiang policy as Xi deems social instability now resolved.
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