Why China Is Withholding Stimulus Amid Coronavirus-Sparked Downturn

BEIJING—China has just experienced its 1st quarter of financial contraction due to the fact the seventies. Hundreds of thousands of employment have been misplaced, and the coronavirus pandemic has hampered firms for much more than a few months.

So in which is the financial stimulus?

China has but to match the huge financial and fiscal packages rolled out in some of the world’s major…