Event JSON
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"https://www.scmp.com/economy/china-economy/article/3292013/chinas-local-governments-urged-rethink-approach-infrastructure-investment?utm_source=rss_feed"
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"China’s local governments urged to rethink approach to infrastructure investment"
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"1734951615"
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"China's think tank scholars have warned that the country's habit of overinvesting in large but inefficient projects is a major obstacle to sustainable economic growth. They argue that governments must make rational adjustments and know where to hit the brakes and where to step on the gas to avoid the pitfalls of overambitious spending. The scholars point out that China's local governments have long relied on large construction projects to drive short-term regional growth, but many have been poorly planned and wasteful, failing to deliver the anticipated returns."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqrfa20llezzw8sn2kxlz2erhss54yt3czlsh7xjjkvzn4k4z9fepsqtd8da\nhttps://cdn.i-scmp.com/sites/default/files/styles/1280x720/public/d8/images/canvas/2024/12/23/ce5e4c8e-5647-48ce-a0fd-0a0045450b15_e04225a6.jpg?itok=8aFLTXkv\nTo avoid the pitfalls of overambitious spending, heavily indebted authorities must ‘know where to hit the brakes’, think tank says.\nhttps://www.scmp.com/economy/china-economy/article/3292013/chinas-local-governments-urged-rethink-approach-infrastructure-investment?utm_source=rss_feed",
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