Full Text: People’s Daily Editorial on Setting Up ‘Traffic Lights’ for Capital Expansion

Editor’s note: People’s Daily, the official newspaper of the Communist Party of China, published an editorial Tuesday entitled ‘Understanding the Characteristics of Capital and Its Behavioral Pattern.’ Here’s a translation of the article.
The five major theoretical and practical issues raised at the annual Central Economic Work Conference (CEWC) are global, strategic and forward-looking issues that matter to the cause of the Communist Party of China (CPC) and the state. They play a significant guiding role in implementing the new development philosophy in a complete, accurate and comprehensive manner, accelerating the building of a new development paradigm and promoting high-quality development in the new development stage. One important issue is to “understand the characteristics of capital and its behavioral pattern.”

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