China: Will the effort to improve the short-term situation worsen growth in the long term?

The marked decline in growth in China in 2018 led the Chinese authorities to implement an economic stimulus package on a large scale: fiscal deficit ( increased public investments, tax cut s ), expansionary monetary policy ( reduction in required reserves, financing of banks by the central bank, pressure on banks to increase lending ). This will probably keep Chinese growth at a decent level. But will not this policy worsen the long-term growth prospects even more? It will amplify one of the most serious threats to Chinese long-term growth: the simultaneous increase in debt and in partly inefficient capital .