Pedestrians use smartphones outside an Emporio Armani store in Beijing. Soft trade data is a better indicator of China’s economic health than GDP numbers. Photo: Bloomberg
Opinion
Opinion
The View
The 2 trillion yuan question: will China’s stimulus measures be enough to boost the economy?
- Beijing is taking extensive measures to stabilise the economy, through the central bank, local governments and an enormous tax-cut package. Already, some indicators seem to be responding to stimulus, which bodes well for global trade
Pedestrians use smartphones outside an Emporio Armani store in Beijing. Soft trade data is a better indicator of China’s economic health than GDP numbers. Photo: Bloomberg