"China Is Offering Half Measures to Its Mounting Economic Problems." China's economy grew just 4.3% in Q2, the slowest pace in three years, missing its own target. More than half of that growth came from one source: electronics manufacturing riding the global AI boom. Strip that out, and domestic demand barely moves the needle. Here's what Beijing is doing about it. A mortgage subsidy covering only 16% of property transactions. A $54 billion injection into state banks, following a larger one last year. A small rate cut on a policy lending facility. One analyst called it "a nudge, not a game changer." Another described the bank recapitalization as "extend and pretend," propping up the system rather than fixing what's actually broken. The property crash is now in its sixth year with no bottom in sight. Youth unemployment stays elevated. Household spending remains weak enough to raise real deflation risk. Why the caution? Going bigger risks something Beijing fears more: a sharp property crash and the social instability that could follow. So policymakers choose smaller, safer steps, even if economists say those steps won't be enough. Xi's focus stays on tech self-sufficiency and advanced manufacturing. Meanwhile, the exports propping up growth numbers are covering for a domestic economy that still isn't healing.