Softening US economic data spurred the Federal Reserve into decisive action this week to support growth. An even weaker set of data out of China has left investors puzzled why its government hasn’t also mounted a concerted response.
In fact, Chinese fiscal policy has shown evidence of tightening, not loosening. Monetary policy similarly shows no sign of alarm bells in Beijing. President Xi Jinping earlier this month did call on government officials to achieve the country’s annual growth target of around 5%, but couched it in less forceful terms than usual.
Visited 1 times, 1 visit(s) today
