WORLD - ASIA - CHINA
China Finds Big-Ticket Spending Is a Road to Nowhere
Policy makers steer away from debt-driven extravagance and seek new ways to spur growth
By Chao Deng
Oct. 20, 2018 8:00 a.m. ET
TIANJIN, China—Beijing is trying to kick its habit of using big-ticket infrastructure spending to fuel the economy, a turning point from a growth model that has left many Chinese cities adorned with empty high-rises and underused highways.
China bolstered economic growth for decades by pouring trillions of dollars into roads, factories, railroads and more, and doubled down to protect the economy from the global financial crisis of the last decade.
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READ MORE: https://www.wsj.com/articles/china-finds-big-ticket-spending-is-a-road-to-nowhere-1540036800
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