Posted 3/4/2024, 8:53:00 PM
China's Economy Too Fragile for Massive Stimulus, Risks Financial Crisis
- There isn't a fiscal bazooka that can fix all of China's economic issues, says Citi strategist
- Assumption that China's government can steer economy to prosperity needs revising
- China's economic situation too weak for big fiscal package to save it
- Stock market capitalization hit peak in 2021, down 35% since, losing $7 trillion
- Massive stimulus could worsen underlying economic issues and lead to "Lehman moment"