Shift gears for lasting economic recovery

The stronger-than-expected rebound of the Chinese economy has proved the power of investment as a key growth engine.

However, policymakers should keep in mind that there is a limit to such an investment-driven recovery. The emphasis should be more on a consumer-led recovery.

Almost single-handedly so far, an investment boom has put the country back on track to hit its growth target of 8 percent this year.