MNI BRIEF: Frugals Block EU Feb Summit Call For Joint Funding

MNI BRIEF: BOC Rate-Cut Talk Is Premature, Macklem Says

BOC SAYS GOVT TO AMEND LAW TO ACCOUNT FOR QE LOSSES

Coming up in the Asia-Pac session on Friday

Mixed Currency Performance Across G10 Following US Growth Data

US Treasury Auction Calendar

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
USDCAD TECHS

Pierces Support

MNI

Coming up in the Asia-Pac session on Friday

ASIA

Coming up in the Asia-Pac session on Friday

US TSYS

Late Market Roundup: Yields Higher Ahead Fri's Personal Income

AUDUSD TECHS

Heading North

CHILE

BCCh Rate Decision Due At 2100GMT/1600ET

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

China Accelerates Infrastructure Projects To Lift Investment -Yicai

CHINA PRESS
MNI (Singapore)
Metals bulletEM BulletFixed Income NewsHomepagemarkets-real-timeCommoditiesEnergy BulletsBulletMarketsEmerging Markets NewsForeign Exchange News

China is accelerating the start of new infrastructure projects, with the growth in infrastructure investment expected to reach about 12% this year, Yicai.com reported citing Wang Qing, chief macro analyst with Golden Credit Rating. He estimates it could lift annual GDP by 1.2 percentage points. Project-backed new special bonds issued by local governments have risen to a record high above CNY4 trillion yuan this year, and over 60% of them have been invested in infrastructure projects, the newspaper said. The government also introduced policy bank-backed financial instrument totaling CNY739.9 billion, and all these funds have been allocated to projects. The National Development and Reform Commission urged all these projects to be started by the end of November, the newspaper said.

120 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

China is accelerating the start of new infrastructure projects, with the growth in infrastructure investment expected to reach about 12% this year, Yicai.com reported citing Wang Qing, chief macro analyst with Golden Credit Rating. He estimates it could lift annual GDP by 1.2 percentage points. Project-backed new special bonds issued by local governments have risen to a record high above CNY4 trillion yuan this year, and over 60% of them have been invested in infrastructure projects, the newspaper said. The government also introduced policy bank-backed financial instrument totaling CNY739.9 billion, and all these funds have been allocated to projects. The National Development and Reform Commission urged all these projects to be started by the end of November, the newspaper said.