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
Opinion
Opinion
The View
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
