Stronger action may yet be needed to help revive China economy

Beijing has announced a coronavirus pandemic relief package worth 4 trillion yuan (US$559 billion) to help Chinese businesses cut costs, save jobs and maintain people’s livelihoods. But it is nothing like the last similarly priced stimulus package in 2009 that focused on debt-fuelled state spending and left the country with a large debt overhang.Back then, one recurrent complaint was that the stimulus helped mostly state-run companies and local governments with large infrastructure projects,…

Read the original article at South China Morning Post