China won't resort to massive infrastructure stimulus as investment slows

BEIJING (Reuters) - China will take a targeted approach to boosting investment and will not resort to massive stimulus in its infrastructure push, the state planner said on Tuesday, as Beijing ramps up support to stabilise its slowing economy.The comments flagging a cautious approach to stimulus come a day after economic data showed fixed asset investment posting meagre growth in November."We will resolutely not open the floodgate of stimulus and will scientifically push forward these major..