China's economic growth model is close to its limits

A 'great pause' now seems probable

Andrew Hunt and Ben Ashby

January 4, 2022 17:00 JST

20211230 residential construction Nanning.jpg

A residential block under construction in Nanning, pictured on Nov. 15: China's property and construction sectors have become extremely large by comparison with the overall economy. © FeatureChina/AP

Andrew Hunt is CEO of Hunt Economics and former adviser to Dresdner Asset Management in Asia. Ben Ashby is a former managing director in JPMorgan's Chief Investment Office.