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China To Boost Infrastructure Investment Progressively: Journal

CHINA PRESS
MNI (Singapore)

China is likely to boost infrastructure investment, which is expected to grow as much as 10% for the year, following a call by top policymakers for an all-in effort, the China Securities Journal reported citing analysts. Tech-based infrastructure, likely to grow 11.54% y/y to total CNY1.74 trillion in 2022 will be a main driver for economic growth, adding 0.16-0.53 percentage points, the newspaper said citing analysts from China Industrial Secs. To maintain a relatively high infrastructure investment growth rate, medium and long-term financing needs to be expanded, the newspaper said, citing analysts. Infrastructure investment grew 8.5% in Q1.

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