Get our introductory offer at only
*$0.99/month for first 3 months
$29.90/month for the next 9 months
CHINA'S gross fixed capital formation has been falling since 2010, driven mainly by a steady decline in private investment (Chart 1). Credit-fuelled public infrastructure spending has replaced private investment (Chart 2) to keep GDP growth from falling significantly below 7 per cent since the...