China’s top leaders likely to disappoint on big bang stimulus

A security guard stands at the entrance to an unfinished and apparently abandoned housing estate near the airport on the outskirts of Beijing. (Image: Getty)

Bloomberg

Tue, 25 Jul 2023

China’s top leaders will fail to deliver big-bang stimulus for the weakening economy this week, economists say, disappointing financial markets seeking strong action to counter the downturn. The July meeting of the Communist Party’s Politburo, the top decision-making body led by President Xi Jinping, usually covers economic policy. Senior officials typically don’t announce specific measures at these meetings, but the policy tone and language of the statement will provide important clues on how Beijing will respond in com...

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