Specialist Sales APAC Specialist Sales 08 July 2025 J P M O R G A N JPM | CHINA STRATEGY - China's next policy pivot Matthew See +852 2800 8889 matthew.see@jpmorgan.com China strategist Wendy Liu (link) has published an excellent note discussing one of China's more interesting new themes - the pivot to an "anti-involution" policy. If the Sept-24 policy pivot was all about supporting growth, this pivot is about improving growth quality. What policy? Anti involution is the new buzz word to describe China's po ...