Infrastructure investment was the cornerstone of China's economic growth last year. By contrast, 2010 was always certain to pale in comparison. Still, it's important not to overdo the pessimism. China's National People's Congress this week will likely highlight Beijing's hopes of diversifying the drivers of China's economic growth. But the economy won't be weaned off its reliance on investment overnight.

Beijing's commitment to expanding China's rail network seems likely to stay strong, for example. The country is planning to lay down 42,000 kilometers of new track by 2020, much of it completed by 2012, adding new high-speed rail lines between major cities.

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Posted by mopeng at March 3, 2010 1:53 PM