Why China Is Withholding Stimulus Amid Coronavirus-Sparked Downturn

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Why China Is Withholding Stimulus Amid Coronavirus-Sparked Downturn
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China has just suffered its first quarter of economic contraction since the 1970s. So where is the economic stimulus?

BEIJING—China has just suffered its first quarter of economic contraction since the 1970s. Millions of jobs have been lost, and the coronavirus pandemic has hampered businesses for more than three months.

China has yet to match the enormous monetary and fiscal packages rolled out in some of the world’s largest...U.S.-China trade-deal tensions are escalating again. WSJ's Aaron Back explains why this time around, the drama could play out differently. Photo: Susan Walsh/AP Photo

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