China's attempts to lift confidence in economy fall flat

Cross-posted from: feddit.de/post/8271672

Analysts warn China’s struggle to get its message across to the broader public fuels uncertainty in the decision-making process at the top and risks eroding market and consumer confidence further.

Alfred Wu, associate professor at Lee Kuan Yew School of Public Policy in Singapore, says one of the root causes is the concentration of power in President Xi Jinping’s third term, which creates hesitation at lower levels in making policy choices, as well as communicating with the public.