China Becomes First Major Economy to Start Withdrawing Pandemic Stimulus Efforts

HONG KONG—As the first major economy to beat back Covid-19, China is now taking the global lead in moving to unwind its pandemic-driven economic stimulus efforts.

. The shift puts China at the vanguard in confronting a challenge other economies will face in coming years as their economies recover: how to withdraw stimulus without snuffing out growth or causing broader market instability. China’s policy makers have expressed concern about an overheating housing market and want to prevent bigger imbalances. They are also eager to resume a multiyear campaign to curb debt that started building during the previous global recession.

If mishandled, China’s tightening could impair its recovery, which would crimp the global economy. China’s plans could also create wider problems if they trigger more debt defaults or a bigger correction in China’s stock markets, at a time when global investors are already jittery.

It's really just dependent & a reflective of the pandemic recovery. Unlike the west of initial laissez-faire approach to the pandemic, china had higher spending on testing & curb spread of entire cities at any infection. So the total spending would be roughly same all across.

federalreserve Lagarde JanetYellen you trio lose to the Chinese.. you suck. stlouisfed neelkashkari RobSKaplan RaphaelBostic MinneapolisFed NewYorkFed DallasFed

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Politico dictatorship of course they're doing better than the rest of the world they do not have to tolerate fools walking around without a face mask.

Never trust CCP. Wait and see CCP is in financial and political crisis in side out.

US is and will keep printing money.

Europe ,at least germany, is rather flooding the personal economy of her leaders

Does this affect ILLEGAL IMMIGRANTS?

The USA is now totally reliant on electronically creating $ dollars(the modern printing press) to cover their reckless spending. If they stopped Washngton DC would go to default and collapse. If DC keeps creating $$ the Dollar will collapse to a worthless currency. Bye Bye USA

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After a 10%+ sell off in China three weeks later this gets reported. Brilliant work.

China was also not criminally negligent in ignoring the virus.

Who knows em Commies believe in science and not conspiracy theory like em West.

China also addressed covid with stringent, national level, mitigation protocols.

Seems like China is watching the dollar and euro collapse as they’re eating their popcorn.

China should be paying us money for this pandemic

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