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China's Infrastructure Investment Double-Digit Growth In H2-Herald

CHINA PRESS
MNI (Singapore)

China’s infrastructure investment growth rate may further accelerate to about 13% y/y in the second half of the year from H1’s 7.1%, which would bring the annual growth to 10% and drive 2022 GDP by around 1 percentage point, the 21st Century Business Herald reported citing Wang Qing, chief macro analyst of Golden Credit Rating. China could front-load next year’s local government special bond quota to H2 to support construction or tap into the accumulated remaining quota in previous years, the newspaper cited analysts. Data by the Ministry of Finance shows the balance of special bonds is CNY16.7 trillion as of 2021, while the special debt limit is CNY18.2 trillion, leaving a debt space of CNY1.5 trillion, the newspaper said.

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