Beijing Favors Targeted Stimulus Over Broad Easing to Avoid 'Policy Addiction'
Updated
Updated · South China Morning Post · Aug 24
Beijing Favors Targeted Stimulus Over Broad Easing to Avoid 'Policy Addiction'
2 articles · Updated · South China Morning Post · Aug 24
Summary
A third straight People’s Daily commentary said Beijing will use targeted “acupressure” measures rather than heavy stimulus, while maintaining confidence it can still hit 2026 economic goals.
The article said policymakers want to avoid overreliance on support even as weak demand, property strains and local-government debt continue to weigh on the economy.
Zhong Caiwen — a byline tied to Xi Jinping’s top economic commission — also said China still has ample room for countercyclical action if conditions worsen.
The commentary framed that restraint as part of a broader resilience message, arguing early investment in new energy, oil reserves and diversified sourcing helped cushion the impact of the US-Israel war on Iran.