Xi ought to know why market confidence isn't returning

Structural cracks are drowning out modest stimulus efforts

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20231010 xi jinping team

Chinese President Xi Jinping and his team should stop treating the symptoms of the country's economic troubles and address the underlying causes. © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

Chinese President Xi Jinping faces quite a conundrum in the homestretch of 2023 as improving economic data is not calming the nerves of international investors.

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