Future growth must rely on capital exports, innovation

China will need to rely on capital exports and investment in innovation to drive growth as foreign trade and the domestic property boom, the main engines of the economy, are losing momentum, a leading economist said on Friday.

The country is entering a phase where it will use capital exports to drive the overseas growth of its infrastructure-related products and services such as railways, utilities and machinery, said Fan Jianping, chief economist at the State Information Center.

The center is affiliated with the National Development and Reform Commission, the top economic planner.