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Wed 24 Oct, 2012 07:18 pm
Context:
BEIJING — After it was leaked that Xi Jinping, the man anointed to be the next Communist Party chief of China, had met in private with a well-known supporter of political liberalization, the capital’s elite began to buzz about the import of the encounter.
@oristarA,
Basically the phrase means that people in the know started to chat about just how important (
import) this meeting might have or might not have been.