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Saturday, November 16, 2024

Don’t celebrate China’s stimulus just yet

Don’t celebrate China’s stimulus just yet

It will take more than a spectacular stockmarket rally to revive the economy

The Economist 

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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