Bo Zhuang

Chief Economist and Director, China Research
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China’s growth stabilization policy takes the driving seat

Overview

Overview

China’s annual macro story since 2012 has taken on a distinct pattern. Each year kicks off with a disappointing set of data. Then policymakers ramp up stimulus and stabilizing measures, and activity picks up in the second half. The pattern this year had shown signs of changing: there was no clear sign of action in the first four months. At that point, it looked as though the economy was running the risk that the fall in growth would go beyond a “controlled slowdown”. A lack...

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