A construction worker in Beijing. Though infrastructure investment in China has been increasing as a share of total investment since 2012, it has already reached such a high level that continued growth could worsen resource allocation. Photo: AFP

China’s economic growth will stabilise – just not in 2018

Yu Yongding says optimistic growth forecasts for the Chinese economy overlook the degree to which slowing fixed-asset investment – though good for the long-term health of the economy – will affect near-term prospects, amid a host of financial risks

Topic |   China economy

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A construction worker in Beijing. Though infrastructure investment in China has been increasing as a share of total investment since 2012, it has already reached such a high level that continued growth could worsen resource allocation. Photo: AFP
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