China’s real intent behind its stimulus inflection. Technology and self-sufficiency matter more than growth and profits.

Silly commies: it’s all about the Benjamins.

Xi’s strategic aims have not changed. He wants to shift capital from the property sector into technology-intensive manufacturing, which he sees as the basis of China’s future prosperity and power.

The real estate and finance sectors are rent-seeking vampires working in tandem to suck the blood out of the real economy.