China has returned to its old playbook of building and exporting its way out of the coronavirus crisis. Photo: Reuters
China taps old growth model to boost recovery, as US and European economies flounder
- China’s recovery has been based on its old model of construction, investment and low-end exports, but analysts say this approach does not have a long shelf life
- US and Europe lag China in rebounding from the coronavirus pandemic, with experts pointing to Beijing’s unencumbered ability to pull levers of the economy
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China has returned to its old playbook of building and exporting its way out of the coronavirus crisis. Photo: Reuters
