China has all the gleaming new business districts it is likely to need for decades to come. Photo: Reuters
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

It’s not 2008. Don’t look to Beijing for a big stimulus programme

A strong dollar, weak commodities and slowing growth have left some hoping Beijing will step on the accelerator. But the Chinese economy has changed – and besides, it already has all the flashy infrastructure it needs

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China has all the gleaming new business districts it is likely to need for decades to come. Photo: Reuters
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