07/31/2023

How China's Trying to Lift Its Slumping Economy

Concerns around growth outlook continue to rise

Recently, China has made a number of pledges to revive the economy's recovery and improve the business environment as concerns about the growth outlook continue to mount.

The statements from the government and Communist Party over the past month are largely broad assurances to lift spending on things like consumer goods and cars, encourage private companies to expand investment and to make it easier for businesses to access funding.

However, Beijing has stopped short of announcing major monetary or fiscal stimulus, like cash subsidies to consumers to spend more, or a ramping up of construction spending like it did in previous downturns.

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