Private investment, critical to China’s economic transition, stumbles in the face of a slowdown, policy confusion and deflation
Private investment in capital goods, such as factories and trucks, grew only 2.8 percent in the first half of 2016 after a decade of nearly 30 percent annual growth. The government has taken a number of steps to address the dramatic decline, but state banks sometimes fail to fully cooperate and a gloomy economic outlook is making business leaders cautious.
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