Why stimulus is the wrong cure for China ’s ailing economy

Massively expanding fiscal spending to build more infrastructure has become an unattractive idea, even to Beijing’s bureaucrats. They are still confronting the diminishing returns of such infrastructure projects, including the white elephant projects across the country. First, while the central…#beijing #peoplesbankofchina #m2 #joezhang #sbichinacapital

Source: Reuters: Health - September 8, 2023 Category: Consumer Health News Source Type: news