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China Sticks With Old Growth Drivers to Spur Covid Recovery

  • Government advisers say high investment is crucial for growth
  • Policy plans suggest little urgency on income re-distribution
Construction Continues At Vanke's Fun City Residential Property

Photographer: Tomohiro Ohsumi/Bloomberg

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After fueling its V-shaped recovery by boosting spending on housing and infrastructure, China appears in no rush to drop its investment-led growth model despite international calls for it to “rebalance” its economy.