Caixin
Sep 11, 2018 07:49 PM
ECONOMY

Infrastructure Spending No Cure for Slowing Growth, Top Researcher Warns

*The potential of investment in infrastructure, housing to drive long-run economic expansion has waned, according to a high-ranking researcher at the central bank

*Amid a drive to boost infrastructure spending, the senior government adviser said that the authorities should instead increase funding for health, welfare and social security

(Beijing) —The potential for infrastructure and property investment to stimulate China’s economy is limited and is not a long-term solution to supporting growth, a senior government adviser has warned, sounding a rare note of caution amid an official drive to accelerate spending to boost flagging expansion.

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