China's Economic Gambit: Stimulus Overload Signals Deeper Troubles
Beijing's top brass have hit the panic button, calling an emergency Politburo meeting to discuss economic bailout plans. This move highlights the growing desperation to prop up a faltering economy in the face of mounting headwinds. The Communist Party's elite decision-makers are promising more fiscal and monetary support, just days after the central bank unleashed the next stimulus package.
But here's the kicker: China's debt-fueled growth strategy is running out of steam. As the government keeps pumping money into the system, private sector productivity continues to plummet – a classic Keynesian trap. The dragon's roar is becoming more of a whimper, and it's unclear how long they can keep this economic house of cards standing.
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