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China’s Economic Savior Fails: Fiscal Stimulus Bombshell Unleashed

China's strategy of pumping money into the economy (fiscal stimulus) is becoming less effective. The government hopes it will give them time to develop other measures to boost consumption and industry. But high debt levels limit local governments' ability to spend more. Wealthier cities have been more successful with fiscal stimulus because they have more stable industry and consumer spending. In the future, China will focus on supporting advanced technology sectors and reducing restrictions to encourage economic growth.