# Qiushi

The Wealth Effect Reversal: Beijing Pivots to Consumption as Property Drag Deepens

Beijing's top theoretical journal has signaled a major policy shift toward prioritizing consumption and stabilizing the property market to reverse a dangerous 'negative wealth effect.' As retail sales growth turns negative and flexible employment nears 40% of the workforce, the state is moving toward asset stabilization to repair household balance sheets.

SoBiz2026年6月25日 07:38

#China Economy#Real Estate#Consumption

Urban graffiti on a window overlooking Xi An cityscape, capturing gritty textures and urban vibe.

Business

Xi Maps a State‑Led Road to a ‘Financial Power’: Stability, Party Control and Global Ambitions

In a Qiushi essay, Xi Jinping outlines an eight‑point framework for building China into a global financial power that blends market reforms with firm Party leadership. The plan lists the institutional elements of financial strength — from an internationally used currency to robust regulation and talent — while insisting that development remain politically guided and risk‑averse.

NeMo2026年1月31日 12:59

#China#Xi Jinping#financial power