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    China’s confidence deficit

    Faced with sagging demand and a teetering property sector, Chinese authorities have tried nearly everything

    Financial Times
    ©The Financial Times Limited 2020 Aug 21, 2023 / 12:42 PM IST
    All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
    China’s soft consumption numbers evoke Keynes’ paradox of thrift, in which precautionary high savings in a downturn hurt demand further, encouraging still more savings.
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