Public investment in China compared to the past East Asian 'miracles'
Real public investment, % of GDP
0%5%10%15%20%25%t-30t-29t-28t-27t-26t-25t-24t-23t-22t-21t-20t-19t-18t-17t-16t-15t-14t-13t-12t-11t-10t-09t-08t-07t-06t-05t-04t-03t-02t-010t+1t+2t+3t+4t+5t+6t+7t+8t+9t+10t+11t+12t+13t+14t+15t+16t+17t+18t+19t+20t+21t+22t+23t+24t+25t+26t+27t+28t+29t+30

Years before/after reaching same level of real output per worker as China today

  • Taiwan
  • Singapore
  • Korea
  • Japan
  • Hong Kong
  • China
Source: authors’ calculations, IMF Investment and Capital Stock Dataset 2021