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Tectonic shifts that are currently taking place in geopolitics and global markets might have placed China in a unique position as regards its growth outlook.
The 2021 growth hiccups and regulatory overreaches forced Chinese authorities to re-deploy pro-growth accommodative policies in a situation when many emerging markets were aggressively tightening and developed markets were moving towards policy normalization.
The latest domestic activity gauges - both official and Caixin Purchasing Managers Indices (PMI) - show that the past stimulus started to work its way through the economy.