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
Andy Xie
Opinion

Opinion

The View by Andy Xie

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

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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
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