After signalling a crackdown on wealth in favour of income redistribution, China’s policymakers are now indicating they will pursue a more business-friendly approach and support the property market. Workers load body bags into a truck at a funeral complex in Beijing. AP Andy Rothman, an investment strategist at Matthews Asia, says efforts to boost consumption, fix the property crisis and end COVID-19 restrictions show Xi is returning to a more pragmatic path. “These developments over the last few weeks – on COVID-19, property and relations with the US – leave me feeling very optimistic about prospects for the Chinese economy,...