Articles I’m reading Zichen Wang of Pekingnology shared about China’s Third Plenum – that Beijing may have finally come around to stimulating domestic consumption rather than investment. Zichen wrote that David Daokui Li, Director of Tsinghua University’s Academic Center for Chinese Economic Practice and Thinking, emphasised in a recent luncheon that the central government will be rolling out major policy reforms aimed to boost welfare and income. This will come in three aspects: (i) reducing restrictions on house purchases across cities, (ii) providing direct financial support for the headquarters of developers, and (iii) tweaking the incentives of local governments from production to consumption. Zichen shared some objections and responses of various participants in his piece, which may include some thoughts of what you may have too if you’re investing in China. Here’s an excerpt: Ted Plafker, another veteran China correspondent of The Economist, really wanted to get to the bottom: Everyone’s...