China’s improved economic performance in May came on the back of state investment, government debt and construction projects. Photo: Reuters China’s improved economic performance in May came on the back of state investment, government debt and construction projects. Photo: Reuters
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

Topic |   China economy
China’s improved economic performance in May came on the back of state investment, government debt and construction projects. Photo: Reuters China’s improved economic performance in May came on the back of state investment, government debt and construction projects. Photo: Reuters
China’s improved economic performance in May came on the back of state investment, government debt and construction projects. Photo: Reuters
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