If the global economy is to avoid a post-pandemic implosion, a New Deal will be required, one that combines elements of former US president Franklin D. Roosevelt’s New Deal and Keynesian stimulus with a fresh approach to public and private cooperation on capital investment.As in other areas where China’s capacity for innovation has often been underestimated, the country’s penchant for embarking on bold capital investment projects could provide a model now, with institutions such as the Asian…