China’s economy is undergoing a structural transition, so don’t expect a massive stimulus package, analyst says

Chinese President Xi Jinping. Xie Huanchi/Xinhua via Getty Images China’s economy is transitioning away from previous growth drivers, UBS analyst Tao Wang wrote. That means Beijing is unlikely to launch the type of stimulus that earlier downturns saw. “Large stimuli cannot address deep-rooted structural issues,” the economist wrote in the Financial Times. Waning growth in China won’t be solved by massive stimulus, as the country’s economic challenges are not cyclical hiccups, according to UBS Investment Research economist Tao Wang. Instead, the government will likely provide modest support for the economy with a muted boost to infrastructure spending, she wrote in…