China Regional Govts Step up Stimulus as Growth Slows: Daily

China's regional governments are accelerating infrastructure and low-carbon projects and urging better use of special-purpose bonds to ensure economic targets in the second half are met, the Economic Information Daily reported citing regional National Development Reform Commission officials. Investments are crucial as virus outbreaks have slowed consumption while exports are more uncertain due to the global resurgence of the pandemic, the newspaper said citing chief economist Lian Ping of Zhixin Investment Research Institute. China needs more policy support for growth and employment as growth drivers, manufacturing and consumption continue to weaken, the newspaper said.