China’s Measures to Boost Economy Don’t Match Past Efforts

HONG KONG—For the previous twenty years, China has conditioned international firms and markets to anticipate massive authorities spending at any trace of an financial slowdown. Now, as development sputters, Beijing is taking solely small steps towards boosting its ailing economy.

On Monday, China’s central financial institution lower two key interest rates, as recent financial knowledge confirmed a spread of financial exercise slowing in July. Unlike in the U.S., rates of interest in China have a restricted impact, and economists stated the transfer would probably do little to encourage additional borrowing by households and companies.