, Columnist
Why China Can’t Pull Up the World
Beijing’s stimulus has been targeted and domestically focused. That means it won’t do much to boost growth elsewhere.
Look out below.
Photographer: Vincent Mundy/BloombergThis article is for subscribers only.
The global economy is breathing a sigh of relief: China seems to be recovering from its months-long malaise.
The country’s growth numbers are improving. Proxies for infrastructure spending, such as fixed-asset investment, are looking brighter. Industrial production in construction-related sectors, including cement and steel, is rising.