Part 7/10:
As the trajectory of China's growth model has faltered, the urgent need for a transition to a new structural framework has become evident. Heavy reliance on investment and infrastructure development—once vital to China's economic expansion—has become counterproductive, leading to excessive debt and malinvestment. The current high level of investment, exceeding 40% of GDP, is unsustainable, especially in an environment where demand for new infrastructure wanes.