Growth in China infrastructure investment picks up after slow start, Michael Pettis notes

Growth in China infrastructure investment picks up after slow start, Michael Pettis notes
China infrastructure investment shows growth signs

Michael Pettis, economist, professor of finance, nonresident senior fellow, author, macroeconomic analyst at Peking University; Carnegie Endowment for International Peace, highlights the emergence of positive trends in China’s infrastructure investment following a sluggish performance in the initial five months of the year.

Pettis references data from Yicai showing that sales of excavators—a key indicator for construction activity—are beginning to rise as weather conditions improve and policy adjustments are made.

Pettis recently noted that an estimated 10.6% of Chinese adults were overdue on debt payments at the end of 2025, citing rising financial pressures across households and the economy (article). He has also critiqued a McKinsey Global Institute report for conflating global trade imbalances with industrial policy debates. These comments reflect his ongoing focus on China’s economic health and policy environment.

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