“The near-term priority is to deliver a solid economic recovery, and the government should be less conservative in pursuing that goal than it was in recent years. But there is no return to the decentralised pursuit of economic growth that characterised China’s political system before top leader Xi Jinping took over.” Post-pandemic capitalism The private sector in China and foreign investors outside the country are struggling to make sense of this new era of post-pandemic Chinese capitalism. On one hand, China’s leaders and regulators are sending out the right signals that the business elite will be left alone. On the…