Although Chinese Communist officials and regime media continue to insist the economy is fundamentally strong and merely experiencing a few bumps on the road to post-pandemic recovery, Beijing is reportedly “planning major steps” to revive a deeply ailing financial system, possibly including billions in fresh infrastructure spending and looser rules for property investment.
China’s state-run Global Times naturally insisted on Friday that the situation was well in hand, predicting the Communist government will “promptly formulate policies that restore and expand consumption, continuously improve consumption environment, and release the potential of service consumption.”

The Global Times put a far more positive spin on the economic news than any outs …