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Xi stimulus clues found in protest data showing economic stress

Bloomberg
Bloomberg • 9 min read
Xi stimulus clues found in protest data showing economic stress
Morgan Stanley in September debuted a new gauge of distress that could be used to predict policy swings in China. Photo: Bloomberg
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To figure out how far President Xi Jinping will go to revive his struggling economy, a growing number of money managers are taking cues from a once-jailed Chinese dissident now living in Canada.

From a basement in Calgary, often accompanied by his pet cat, Lu Yuyu spends 10 hours a day scouring the internet to compile stats on social instability before they are scrubbed by China’s censors. The 47-year-old exile won’t reveal his exact method because it risks jeopardizing the overall goal of the project called “Yesterday,” which documents cases of group protests.

“These records provide an important basis for people to understand the truth of this period of history,” said Lu, who started the effort in January 2023 but didn't make it public until he arrived in Canada a year ago. “I didn’t want to go to jail again,” he explained.

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