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Manufacturing to Drive China Investment in H2: News

CHINA PRESS
MNI (Singapore)

China's investment will continue to grow steadily in H2 with manufacturing investment likely to be the main driving force, the Shanghai Securities News reported citing analysts. Manufacturing investment, helped by higher corporate profits and private companies' growing confidence, may reach an 11% annualized growth, the newspaper said citing Tang Jianwei, chief researcher with Bank of Communications. Infrastructure investment may slow down quarterly due to the higher comparison base from last year, still at a relatively high level of about 7%, the newspaper said citing Wang Jun, chief economist of Zhongyuan Bank.

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