China’s Economic Caution Is a Problem For Us All

(Bloomberg Opinion) — China’s central bank protests too much. Beijing is wary of overdoing its efforts to shore up the troubled financial system and faltering economy, but continues to be pushed into rolling out new measures. Fresh steps are announced almost daily, though many are modest in scope. China faces at least another year of lackluster expansion, and global growth will endure significant challenges if the tyranny of increme…