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$BABA-W (09988.HK)$  This false bull market has completely d...

$BABA-W (09988.HK)$  This false bull market has completely devastated China's economy, fully exposing the incompetence of the government and highlighting its inability to deal with the issue of local fiscal deficits. Whether there is a financial war waged by the U.S. against China behind the scenes or fraudulent behavior by listed companies in China's financial markets, the final conclusion remains the same: the government lacks the ability to address this problem.
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