Beijing’s Recent Policy Failures Add to a Series of Mistakes That Have Crippled China’s Economy

The effort to revive China’s economy in September has faltered. Despite Beijing’s promises, public confidence remains low due to previous missteps.

Employees work on an electric vehicle (EV) production line at a factory in Jinhua, China's eastern Zhejiang Province, on Sept. 18, 2024. Adek Berry/AFP via Getty Images

Commentary

Beijing’s September effort to revive China’s sad economy has disappointed. The authorities have promised more, but after a litany of failures, there is clearly little confidence that whatever follows will do the job. It is not even clear that Beijing knows what to do next. The smart betting is that China’s economy will continue to struggle.