China's struggling economy and the challenges it faces

China's struggling economy is facing multiple challenges, including regulatory changes, spooked consumers, and global economic weakness. The response from the government has been hesitant and cautious, with minimal interest in bold stimulus measures. Political constraints and concerns about currency erosion and banking system squeeze have limited the central bank's ability to take more dramatic actions. The responsibility for reviving the economy falls on Prime Minister Li Chang, though he is seen as weak and lacks the clout and independence to make significant changes. The central government could invest in public infrastructure or provide consumer handouts, but so far, there has been limited action.