WHY CHINA ISN'T PULLING THE STIMILUS TRIGGER?
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23.08.2023


The Diplomat (22 August 2023)

Dan Macklin

 

Political fundamentals limit Beijing’s resolve to rescue its ailing economy.

For China’s leadership, this summer has been challenging on multiple fronts. In politics, opaque circumstances led to the removal of the former foreign minister. In the military, two top generals have been purged amid rumors of corruption and leaking secrets. In foreign affairs, ties with Washington continue to languish. And at home, floods brought devastation to parts of northern China, prompting criticism of the government’s response.

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