Pedestrians and motorists are reflected in an advertising billboard in the central business district in Beijing. In 2016, an aggressive fiscal stimulus package helped get the Chinese economy back on its feet after the blow of the 2015 devaluation of the renminbi. In 2019, however, the government’s deleveraging campaign is limiting the scope for more forceful measures as China’s manufacturing sector slows. Photo: AP
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

China’s economy and Fed policies are again unsettling markets. But don’t expect a turnaround like in 2016

  • Nicholas Spiro says that, now as then, concerns about the health of the global economy dominate, but the confluence of factors that stabilised, then lifted, the markets in 2016 is unlikely to come about this year

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Pedestrians and motorists are reflected in an advertising billboard in the central business district in Beijing. In 2016, an aggressive fiscal stimulus package helped get the Chinese economy back on its feet after the blow of the 2015 devaluation of the renminbi. In 2019, however, the government’s deleveraging campaign is limiting the scope for more forceful measures as China’s manufacturing sector slows. Photo: AP
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