摩根士丹利：中国思考-可能改变一切的三方组合-如果被允许的话

July 2, 2025 09:30 AM GMT China Musings | Asia Pacific M Idea The Trio That Could Change Everything — If It's Allowed To China doesn't just need new stimulus, a new growth algorithm is needed too. The "trio" of reforms could eventually form the basis for that. But old habits and incentives die hard. The 15th Five- Year-Plan will be the real litmus test: is Beijing ready to stop rewarding what it wants to reduce? At the Central Commission for Financial and Economic Affairs meeting hosted this Tuesday (July 1 ...