A woman sits at a bus station in Beijing on December 15. China’s growth prospects are dim not because of its changing demographics, but because its investment-led growth model has run out of steam. Photo: EPA-EFE
A woman sits at a bus station in Beijing on December 15. China’s growth prospects are dim not because of its changing demographics, but because its investment-led growth model has run out of steam. Photo: EPA-EFE
Andy Xie
Opinion

Opinion

The View by Andy Xie

Why ending zero-Covid won’t revive China’s economy

  • Even before the pandemic, China faced a turning point in its growth model as investment returns began to shrink
  • As long as policymakers prolong the needed transition to a consumption-based economy, growth will remain low for years to come

A woman sits at a bus station in Beijing on December 15. China’s growth prospects are dim not because of its changing demographics, but because its investment-led growth model has run out of steam. Photo: EPA-EFE
A woman sits at a bus station in Beijing on December 15. China’s growth prospects are dim not because of its changing demographics, but because its investment-led growth model has run out of steam. Photo: EPA-EFE
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