IMF economists see perils in China’s investment binge

China’s investment binge has been the envy of many other countries, not least India where inadequate roads mean that 40 percent of crops are spoiled on the way to market, and Japan, where 30-year-old tunnels are passing their sell-by dates and maintenance is not keeping up with demand. In city after…

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IMF economists see perils in China’s investment binge

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