Conversation
11.04.24

How Much Will New Stimulus Improve China’s Economic Outlook?

Arthur R. Kroeber, Michael Pettis & more

After months of downbeat economic news and little action from the Chinese government, Beijing has announced a slew of stimulus measures. Are the stimulus measures enough to make a difference and are they going to work as long as secular trends...

China Stimulates Again, but Don’t Expect Fireworks

The country’s main stock benchmark was up 1.6% Tuesday, after a call from China’s cabinet overnight for more fiscal spending, abundant liquidity, and—perhaps most significant—support for the “reasonable” fundraising needs of local governments’...

Data Show Mixed Picture of China’s Economy

Chinas economy is struggling to find equilibrium, data released Friday shows, with government stimulus measures gaining traction last month while the vital housing market continues its swoon.

The NYRB China Archive
09.27.12

China’s Lost Decade

Ian Johnson
from New York Review of Books

It’s hard to believe, but just twenty years ago China was on the verge of abandoning the market reforms that have since propelled it to its current position as a world power. Conservatives had used the 1989 Tiananmen massacre to reverse the...

Is the 2012 China Stimulus Some Kind of Unicorn?

Wang Tao at UBS thinks it is not really real: Well, that is what we call a bit of make-believe. Sure, the weak August data seem to have prompted more policy actions by various government agencies and we expect better implementation and...

Caixin Media
09.07.12

Local Governments Bet Big on New Investment

They’re still hung over from a 4 trillion yuan spending spree initiated by the central government nearly four years ago, but local governments across China are pressing ahead anyway with huge new investment plans.

In late August, for...

Caixin Media
08.18.12

Economist Lin Yifu on State-Sustained Growth

Standing up to a wave of pessimism about China’s prospects for continuing high-level economic growth is no easy task.

But economist Lin Yifu, who recently retired as a senior vice president and chief economist at the World Bank, is holding...