To counter China’s rapidly slowing economic growth, the Chinese government has returned to the policy playbook that worked well in the past: spending money on large infrastructure projects. The National Development and Reform Commission (NDRC), China’s top economic planner, has accelerated its review process and approved 27 infrastructure projects with a total expected investment of 1.48 trillion yuan (US$219.43 billion) since the start of 2018, of which 16 worth around 1.1 trillion...