China Stimulus Feared ‘Too Little, Too Late’

A year ago, the rallying cry among Chinese policymakers was deleveraging the economy — but now the country’s senior leadership is moving quickly to revive bank lending in a fight against flagging economic growth, the Financial Times reported. The change in tactics, underlined by a Rmb900bn ($126.4bn) boost to bank lending capacity last week, is a sign that China’s policymakers acknowledge they must do more to support the country’s economy as US tariffs on Chinese goods take a greater toll than originally expected. But investors and economists worry that China’s overall response to counteract the slowing growth trend has been too little, too late. Read more