Workers carrying out maintenance on electricity towers which carry the power supply for China's high speed trains after snowfalls in recent days near Chuzhou, in eastern Anhui Province, China, on Jan. 31, 2018. AFP via Getty Images
China’s infrastructure-driven growth model, once the engine of its economic rise, is now producing diminishing returns so severe that, without abandoning Beijing’s control in favor of genuine market reforms, China is unlikely ever to surpass the United States economically or in total GDP.
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
