https://www.nytimes.com/2019/04/16/business/china-economy-first-quarter.html In 2018, Beijing reported that China’s growth reached its slowest point since 1990. In her article, “China’s Economy Stabilizes After Beijing Opens the Bank Vaults,” Alexandra Stevenson explores how China in 2019’s first quarter has stabilized its decreasing economy through “flooding the financial system with money in a whatever-it-takes approach to arrest a slowdown.” China has done this largely through pumping hundreds of billions of dollars into the country’s economy and pressing state-run banks to make loans to businesses. This short-term approach to increase confidence in the Chinese economy helped save China during the 2008 financial crisis and has continued to strengthen credible of China’s credit bubble. China’s unique political structure allows it to take such drastic measures. Unlike the West’s approach of ever increasingly independent centralized banks, the Chinese Communist Party has remained in control of its monetary policy. Oakley describes both the time inconsistency problems and commitment mechanism issues associated with democratic governments, but China’s ability to strongly influence its banks allows it to largely avoid such issues. As Stevenson explains, however, China’s every expansive monetary policy continues to face downward pressure and will have to adapt in the long run in order to curb inflation.