Investment spending on Chinese infrastructure has been the main driver behind economic growth in the...
Investment spending on Chinese infrastructure has been the main driver behind economic growth in the country. As this slows and China begins to transform itself into an urban society, the Chinese consumer could become more of a player behind growth in the country. According to Richard Batley, economist at Schroders, growth has been slowing in China in response to the Chinese government increasing interest rates. Investment spending has slowed from 40% year-on-year to 25% over the past year. The majority of investment spending has been related to steel mills because this sector has been ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes