Zhu joins a growing chorus of experts who project the world’s second-largest economy will announce only moderate stimulus this year as the rebound loses steam. Consumer spending has slowed, while confidence among households and businesses is flagging.
China will likely disappoint those hoping the government will roll out massive stimulus to shore up the weakening economic recovery, said Zhu Min, a former deputy managing director of the International Monetary Fund.
“There are a lot of expectations on the Chinese government to have more stimulus policies. I don’t think this is real,” Zhu said during a panel Thursday at the World Economic Forum’s Annual Meeting of the New Champions in Tianjin, China.
