29.05.24_Editorial

Beijing actually only wanted to support the economy after the pandemic by injecting money selectively. This policy of cosmetic measures seems to have finally come to an end this month. For the third time in just a few days, the government presented a comprehensive economic stimulus package this week. Beijing’s „bazooka“ is now worth 229 billion US dollars – almost half the size of China’s gigantic economic stimulus program introduced to rescue the economy after the 2008 financial crisis.