China Tipping Into Economic and COVID Chaos, Again

Epidemic control workers wear protective suits to prevent the spread of COVID-19 as they stand guard behind the locked gate of an apartment building in the Central Business District on November 26, 2022 in Beijing, China. Kevin Frayer/Getty Images

Commentary

Beijing has begun economic stimulus measures since the 20th National Congress in October. But in typical Chinese Communist Party (CCP) fashion, the signals are mixed and Western investors hoping for broad economic reform will likely be left disappointed.