China's recent economic policy measures are focused on managing risks rather than providing broad stimulus, according to Haibin Zhu, chief China economist at JPMorgan Chase & Co.

Zhu stated that these actions do not indicate a transformative moment for the Chinese economy like the 2008 stimulus package, which amounted to 4 trillion yuan during the global financial crisis.

Zhu's comments suggest that while the government is taking steps to address economic challenges, it is not yet ready to implement a comprehensive stimulus strategy.

This perspective highlights Beijing's cautious approach to current economic conditions, indicating that significant policy changes may still be forthcoming.