China banks on lending to ease slowdown

Build stuff or buy stuff? China has long been a believer in the former to deal with a slowdown in its economy. Now it's trying to shift the emphasis to the latter. This year will be a big test of how far it's come in the transition from state-backed investment to domestic consumption as the main driver of growth. China's President Xi Jinping has warned of a "struggle" as his country faces an economic slowdown, the likes of which it hasn't seen for almost 30 years. A series of stimulus measures have been unveiled by the government not to boost the economy, but to manage the slowdown.