What challenges that make fiscal stimulus difficult to implement does the news clip illustrate? What are the potential consequences of a stimulus being too much and being pursued for too long? 

China’s reliance on infrastructure spending to drive overall investment hit a new high in 2017. Chinese economic planners have turned more heavily to infrastructure as stimulus since 2015, preferring this approach over further investment in manufacturing, where earlier stimulus brought excess capacity in steel and coal. Stimulus spending is bringing increased government debt.