China’s coronavirus recovery plan falls back on old playbook of debt and construction

Analysts revised up China’s economic growth outlook for 2020, after new data suggested the government was turning to its old playbook to try and steer the economy out of the coronavirus crisis.Powered by state investment, government debt and construction projects, China’s improved economic performance in May had the hallmarks of previous recoveries, suggesting that even as official rhetoric from Beijing focuses on driving growth through stimulating domestic demand, for now traditional forms of…

Read the original article at South China Morning Post