Don’t celebrate China’s stimulus just yet
It will take more than a spectacular stockmarket rally to revive the economy
China’s policymakers have blinked at last. For 18 months, even as deflation set in and economic sentiment curdled, stimulus was half-hearted and piecemeal. Then last week came a belated turnaround. Officials unleashed a range of easing measures, suggesting that their pain threshold had been reached.
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This article appeared in the Leaders section of the print edition under the headline “Too soon to celebrate”
From the October 5th 2024 edition
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