The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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Gravity

~$140B/yr GROSS premium routed — thin vs the ~$958B asset stock; no operating conglomerate or platform layer, so gravity << capital. Its weight is as a state-directed domestic capital allocator.

high confidence · as of 2026-07-26 · about China Life

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the working

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