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China Q1 Infrastructure Investment May Grow 8%: Times

CHINA PRESS
MNI (Beijing)

China's first-quarter infrastructure investment may still stay at about 8% despite the rising Covid outbreaks, the Securities Times said citing deputy director Wu Chaoming of Caixin Institute of research. The recent outbreaks were not in provinces with large infrastructure projects, and many projects had begun early, it said. However, high-frequency indicators in March are among the lowest levels in recent years, the newspaper said. Overall, infrastructure debt demand remains high and the government may be forced to step up given the outbreaks impact on consumption and services, it said.

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