AllianzGI | This lunar new year, China has much to celebrate – including resilient economic growth, widespread success at suppressing Covid-19 and a steady transformation into an advanced economy. That’s why the ox is a suitable symbol for a country that continues to do the hard work needed to maintain its trajectory. Over the course of 2021, this economic strength may enable China to do something that other major economies haven’t been able to: ease back on the massive stimulus that the government is pumping into the economy.