Posted 8/29/2023, 9:26:00 AM

China is doing everything it can to conceal the true extent of its economic turmoil

China's President Xi Jinping is unlikely to change his stance and provide stimulus checks to Chinese households, indicating a prioritization of maintaining control over the economy rather than empowering consumers and stimulating growth.

businessinsider.com

Relevant topic timeline:

9/8/2023

China Unlikely to Pursue Major Stimulus, Dampening Prospects of Overtaking US Economy

Chinese stimulus measures are unlikely to be implemented on a large scale, dampening expectations of China becoming the world's largest economy and leading to lackluster economic performance in the near future.

9/21/2023

Xi Jinping's Consolidation of Power in China Raises Concerns

China's President Xi Jinping faces criticism as China shifts away from its previous economic success and becomes a "pariah state," with some scholars suggesting he is dealing with structural problems inherited from previous leaders that now threaten the Chinese Communist Party.