The $20 ​trln economy is burdened ⁠with slow ​growth, bad loans, and ​overcapacity. President Xi Jinping has cracked down ​on past ​excesses. Yet companies are becoming ‌more ⁠efficient and stocks are still cheap. If Chinese ​move ​their ⁠savings from banks to shares, ​the market ​could ⁠soar.

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