China’s economic slump is raising alarm as indications mount that the post-Covid-19 recovery is sputtering. Stimulus that would build on Tuesday’s interest-rate cut is likely coming, but more pain may be needed before Beijing does something big enough to give markets a reprieve and stabilize its economy.
And even then, any relief may be short-lived. Whatever the government…
This story from barrons.com was posted on 2023-08-16 by @lakemist.