There is no cavalry ready to come riding to our rescue (it was called off in 2016).

Every time the Chinese government says or does something, Western "experts" and observers get that thrill again China is about to re-enter their preferred Keynesian mode. They don't realize - or want to - that Economics textbook has been thrown out of the country, or by who. The who was probably He, and that means the cavalry of "stimulus" won't be arriving just in the nick of global recession time.