An electric delivery vehicle drives past a banner with a government slogan in Beijing. China is introducing stimulus measures to stabilise the financial system and help financially troubled local governments, but not to restart the economy. Photo: Reuters
Opinion
Opinion
The View
China plays a waiting game on the economy – and bets everything on the belt and road plan
- China’s stimulus measures have stabilised the financial system and helped struggling local governments, rather than kick-started another growth cycle
- Expect similar measures in the coming years, as Beijing seeks to maintain stability while exporting its economic model via the belt and road initiative
An electric delivery vehicle drives past a banner with a government slogan in Beijing. China is introducing stimulus measures to stabilise the financial system and help financially troubled local governments, but not to restart the economy. Photo: Reuters