China: Pushing On A String?

In recent weeks, the Chinese government has introduced several measures to prop up the stock market. This week, the government was expected to announce measures aimed at boosting the economy. In a surprise announcement today, a spokesman said China’s Premier Li Qiang will not brief the media at the close of this year’s annual parliamentary meeting, which begins on Tuesday in Beijing. The government may be concerned that its plans to stimulate the economy will be badly received by the stock market as too little, too late.

Here are a couple of related developments: