Published: July 29th, 2024,
Last updated: July 29th, 2024
You have to hand it to the CCP leadership: they don’t waste time. The Third Plenum ended just a week ago – and they are already getting to work. It has poured the equivalent of 400 billion euros into stimulating the economy, which has been limping along for months. But as gigantic as this package is, Xi Jinping has yet to implement urgently needed structural reforms, Finn Mayer-Kuckuk analyzes. The majority of the money is once again being channeled into state-owned enterprises.