China Expected to Increase Policy Support as Aug Data Outlook Weakens: Yicai

China is expected to stimulate a weakening economy by more policy measures to increase investment, demand, and support to businesses, Yicai.com said in an analysis of Wednesday's release of August indicators. Industrial output is projected to slow to 5.8% affected by the pandemic, flooding, restricted production, and chip shortages, Yicai said citing economists' forecast. Infrastructure investment may disappoint as only CNY488 billion LGBs backed by infrastructure were issued, while CNY664 billion had been anticipated, Yicai said. The policymakers have made the "cross-cycle adjustment" the keyword in H2, including faster credit expansion at the end of last month and greater government-led investments, said the newspaper.