China’s New Economic Efforts Fall Short, Economists Say

HONG KONG — Economists said the $146 billion stimulus measures unveiled by Chinese policymakers this week to shore up the struggling economy are unlikely to materially change the country’s growth trajectory.

After unexpectedly cutting two key interest rates in mid-August, Beijing stepped up efforts to shore up growth as the country continues its stringent Covid-19 strategy while facing a deep property slump and the worst drought in decades.