Chinese economy


published: 17.07.2023

Opinion Piece: China’s GDP data point to need for stimulus, but will it come?

China’s recently announced second-quarter GDP data presented a disappointing 6.3% growth year on year. Bruegel Senior Fellow Alicia García-Herrero analyses the reasons for this low growth number, how monetary policies from the People’s Bank of China has failed to mitigate the issues in the Chinese economy, and where the question of fiscal stimulus as a solution currently stands.