| Updated:
China may be set for correction
China and other capital expenditure-driven economies may face a downturn when poor investments come home to roost, Standard & Poor’s warned yesterday. “What we found is that China has the highest risk of an economic correction because of low investment productivity over recent years,” said S&P credit analyst Terry Chan. The ratings behemoth said China had an “investment overhang” because capital spend was so high relative to growth.