Capex proves a blunt policy instrument for China
Policymakers must grapple with an economy in which investment is slowing and consumption is unable to take up the slack
Updated: Jan 13, 2015
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In this article
- Measurement problems
- The policy lever
- Slowing investment
- Increasing consumption
- Official intentions
- Policy options
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_350.jpg "Pudong financial district in Shanghai (Reuters/Carlos Barria)")