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China MFG Investment to Strengthen on Policy Support: Daily

CHINA PRESS
MNI (Singapore)

China's manufacturing investment is expected to grow about 12% y/y in 2021, with the two-year average growth likely at 5%, the Economic Information Daily said. Manufacturing investment will recovery steadily, as more policy supports help buiding advanced manufacturing and low-carbon transformation and ease the rising costs of raw materials for smaller manufacturers, the newspaper said. Cuts to taxes and fees, as well as financing supports, will be further strengthened, the newspaper said The central bank has made certain that it will provide more credit to support the real economy and strengthen investments in manufacturing and infrastructure, said the daily. Official data reported that manufacturing investment grew 17.3% y/y for the first seven months.

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