John Authers, Columnist

Markets Hope for Decisive China Changes. Are They?

Stimulus hasn’t been delivered yet. Beijing wants to be seen as doing what it can, but turning around the economy will take more.

July 26, 2023 at 4:20 AM UTC

By John Authers

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

If all boats are to be lifted, China may need to stimulate a rising tide. — If all boats are to be lifted, China may need to stimulate a rising tide.
Photographer: Qilai Shen/Bloomberg

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Something’s going on in China. Of that we can be sure. What exactly is happening, maddeningly, is harder to discern, but any big and unscheduled change in personnel matters. On Tuesday, the world’s second-largest economy made two of them.