Free Trial

China 2020 Infrastructure Investment Seen Surging: News

CHINA PRESS
MNI (Sydney)

China's infrastructure investment in 2020 is likely to record a double-digit growth following the expected rebound through December, the China Securities News reported. More projects are kicking off as the rainy season ends, a development confirmed by the recent increase in the demand for steel, cement and excavators, the newspaper said. Nearly CNY1 trillion in local government special bonds set to be issued in August will help to lift the investment, the newspaper said citing analysts. As of July 31, over 60% of the new LGBs were invested in infrastructure projects, 30 pp higher than a year ago, the newspaper said citing data by Zhongtai Securities.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.