Local economic growth across China is on an increasing polarised trajectory with double-digit growth in some places and recession in others, creating new challenges for policymakers in the world’s No 2 economy, according to the South China Morning Post. In a rough grouping, underdeveloped places like Chongqing, Guizhou and Tibet boasted above 10% growth thanks to strong government spending on roads and bridges, while rust-belt zones dominated by heavy industry bore the brunt of the slowdown. Liaoning, which reported a 1.3% economic recession in the first quarter, has yet to publish its first half performance – which was also widely expected to be a recession – nor did the coal-reliant provinces of Shanxi and Heilongjiang.
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