Substack

Tuesday, August 12, 2008

Slowdown in China?

The NYT carries a story quoting weaker Chinese economic indicators and forecasts a post-Olympics slowdown of the economy.



The article alludes briefly to the "enormous investments in new roads, ports, rail lines and other transportation networks are starting to show productivity gains that could help the country weather a global economic downturn better than most". It is this legacy of the two decades of booming infrastructure investments that could end up saving the Chinese economy.

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