China’s plunging energy imports confound expectations
A revival would cause problems—and not just for Europe
In the aftermath of the global financial crisis in 2007-09, China’s stimulus efforts, which pumped around 4trn yuan ($575bn) into the economy, left observers gushing with praise. Robert Zoellick, then head of the World Bank, expressed his delight at the fiscal expansion. The imf credited the world’s second-largest economy with leading the global recovery.
This article appeared in the Finance & economics section of the print edition under the headline “Running on empty”
Finance & economics September 17th 2022
- China’s Ponzi-like property market is eroding faith in the government
- China’s plunging energy imports confound expectations
- The European Commission searches for a gas-price villain
- The latest in a venerable American tradition: Goldman-bashing
- Against expectations, covid-19 retirees are returning to work
- America still has an inflation problem
- Why investors should forget about delayed gratification
- Richer societies mean fewer babies. Right?
From the September 17th 2022 edition
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