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CHINA PRESS: China Needs Public Investment To Escape Short-Term Spiral

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China’s public investment could total CNY31 trillion over the next five years, including funds for upgrading urban areas and supporting migrant workers, according to Zhang Bin, member of the National Committee of the Chinese People's Political Consultative Conference. Zhang, who is also a senior researcher at the China Finance 40 Forum, said the government should focus on investment public service investment to boost domestic activity as the private sector faces challenges given the short-term negative cycle of insufficient demand.

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China’s public investment could total CNY31 trillion over the next five years, including funds for upgrading urban areas and supporting migrant workers, according to Zhang Bin, member of the National Committee of the Chinese People's Political Consultative Conference. Zhang, who is also a senior researcher at the China Finance 40 Forum, said the government should focus on investment public service investment to boost domestic activity as the private sector faces challenges given the short-term negative cycle of insufficient demand.