Has China’s economy run out of steam?

The economic model of vast borrowing and building projects worked when China was poor and needed new roads, bridges and airports, but it is no longer sustainable as the nation finds itself drowning in debt and with nothing left to build. The southern Chinese city of Zunyi is awash with signs the nation’s economy is not in good health. Everywhere you look there are unfinished infrastructure projects; empty apartments, half-constructed tunnels, huge projects where, it seems, the money just ran out. It is a symbol of a system that is stuttering. The mighty Chinese economy, that once delivered seemingly miraculous…