China is counting on revived infrastructure spending to support its slowing economy, but controls over local government debt risks and falling investment returns could hamper the renewed push, policy insiders and economists said. As pressure grows from a deepening property market slump and the country’s strict zero-COVID policy, Chinese leaders are once again turning to .
By Kevin Yao BEIJING (Reuters) - China is counting on revived infrastructure spending to support its slowing economy, but controls over local governme.
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China's gross domestic product reached 114.37 trillion yuan ($18 trillion) in 2021, an increase of 8.1 percent on a yearly basis, according to the National Bureau of Statistics on Monday. Economists, experts, and analysts all said this performance beats expectations, especially amid the uncertainty caused by the COVID-19 pandemic around the globe.
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