Many economists believe China should cut investment to make room for consumption. But, in fact, investment provides critical support for consumption. Photo: EPA

High levels of investment – and debt – are good for China’s economy

Frank Newman and Dan Newman argue that the Chinese propensity to save means significant investments – provided they are productive – are needed to support demand, and are not to be feared

Topic |   China economy

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Many economists believe China should cut investment to make room for consumption. But, in fact, investment provides critical support for consumption. Photo: EPA
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