Is China Out Of Ideas To Rescue Its Economy?

China was supposed to cut rates on Monday. Consumer prices are flat in good months and flirting with deflation during bad ones. The last three months of 2023 were bad ones in that regard. Producer prices haven't grown since September of 2022. There's every excuse to ease. The economy, although likely to match the Party's full-year growth target for 2023 when Beijing releases the data later this week, is moribund, certainly by the standards of what used to be the world's growth engine. Exports f