Thinking About China
Opinion

China’s Politburo Offers Too Little of What the Economy Needs

There may be still newer policies to come, but the measures already taken and recently promised by the Politburo fall short of China’s economic needs.
China’s Politburo Offers Too Little of What the Economy Needs
Shipping containers stacked during the sunset at Nanjing port, Jiangsu Province, China on Jan. 4, 2024. STR/AFP via Getty Images
Milton Ezrati
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Commentary

Financial markets applauded the Politburo’s recent words of commitment to China’s economic recovery. Chinese stocks rallied on the news, as did oil prices, presumably because a pickup in the pace of growth in China would increase oil demand. But all seems destined for disappointment.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."