Why Isn’t China Stimulating Its Economy, and What Does This Mean?

Why Isn’t China Stimulating Its Economy, and What Does This Mean?
The Chinese Communist Party's insistence on a "dynamic zero-COVID" policy makes it difficult for China's economy to grow in 2022. The picture shows health workers testing residents of Huangpu District in Shanghai on March 21, 2022. Hector Retamal/AFP via Getty Images
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Commentary

For much of the past 10 to 15 years, the Chinese economy followed a familiar boom and bust pattern, even if the official GDP data were suspiciously straight.

Christopher Balding
Christopher Balding
Author
Christopher Balding was a professor at the Fulbright University Vietnam and the HSBC Business School of Peking University Graduate School. He specializes in the Chinese economy, financial markets, and technology. A senior fellow at the Henry Jackson Society, he lived in China and Vietnam for more than a decade before relocating to the United States.
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