China’s weaker-than-expected second quarter economic data has spurred the government to issue new measures and statements in support of boosting demand and the private sector.
Policymakers have so far chosen not to pursue a major stimulus package and instead opted for a targeted approach to revitalize the economy, though some of the plans lack specifics.
It remains unclear if current efforts will be enough to drive growth as China attempts to transition from an infrastructure and real estate-driven economy to one driven by consumption and private sector growth.