China to display growth playbook at Hangzhou G-20 summit
But its fiscal spending strategy comes with costs of heavier debt and overcapacity
Sat, Sep 03, 2016 - 5:50 AM
CITY TRANSFORMED: Vice-Finance Minister Zhu Guangyao said at a briefing in Hangzhou on Friday that China should have a 'more active' fiscal policy, citing the failure of monetary policy in other nations.
GROUP of 20 leaders meeting in Hangzhou this weekend will encounter a manicured, booming city transformed by billions of dollars in infrastructure investment that includes underground tunnels, new subway lines and a six-lane airport highway.