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China's Investment To Rebound Slightly In 2024

CHINA PRESS
MNI (Singapore)

China’s fixed-asset investment growth may rebound moderately in 2024 amid the narrowing decline in real-estate investment and favourable policies recently introduced by some provinces, 21st Century Business Herald reported citing analysts. Economic powerhouses including Guangdong, Zhejiang and Jiangsu provinces have kickstarted major projects in the first week of 2024. Jiangsu province plans to begin 2,710 projects each worth over CNY100 million covering information technology, biomedicine, high-end equipment, artificial intelligence, new energy and new materials, launching 561 more projects compared to the same period last year. Fixed-asset investment grew by 2.9% y/y in the first 11 months of 2023.

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