China’s improved economic performance in May came on the back of state investment, government debt and construction projects. Photo: Reuters
China’s coronavirus recovery plan falls back on old playbook of debt and construction
- China’s industrial recovery in May was sparked by local government spending and an imminent construction boom, analysts said
- Coronavirus recovery remains disjointed, with retail and investment still negative, even as analysts revised up annual economic growth forecasts
China’s improved economic performance in May came on the back of state investment, government debt and construction projects. Photo: Reuters