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China Q1 Infrastructure Investment May Grow 8% Y/y: Yicai

CHINA PRESS
MNI (Singapore)

China’s Q1 infrastructure investment may rise by 8% from a year ago given strong fiscal policies backed by CNY1.79 trillion early-issued local government bonds, Yicai.com reported citing researchers. China’s infrastructure investment grew by only 0.4% in 2021, down from 3.8% registered before the pandemic. If China sets a 5.5% growth target this year, infrastructure spending needs to be at least 5.4% higher, Yicai said citing Sheng Songcheng, a former PBOC official. Many local governments have announced their significant projects mainly in transportation and energy, while 5G and data centers are also expected to receive a boost, Yicai said.

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