Economics
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
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.