After four disappointing years, Chinese economists have realised that slowing GDP growth — from a post-crisis peak of 12.8 per cent in 2010 to about 7 per cent today — is mainly structural, rather than cyclical.In other words, China’s potential growth rate has settled onto a sign

Financial repression — government policies that create an environment of low or negative real interest rates, with the goal of generating cheap financing for public spending — has long been a key feature of Chinese economic policy. But with funding costs for business