“[Beijing] has so far avoided unfurling a huge spending package like leaders in the United States and Europe have done. Its economy has become
too big and complex to easily restart like it did in 2008, when it unveiled a plan to spend more than half a trillion dollars,” Keith Bradsher writes for the
New York Times.
“In many ways, other countries will be moving, in some sense,
towards a more Chinese approach to national industrial self-sufficiency. But that movement, clearly, poses some long-run challenges to China’s economy,” CFR’s Brad Setser said on a conference call.