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China to Accelerate Infra Projects to Boost Growth: News

CHINA PRESS
MNI (Singapore)

China will quicken 102 major projects announced and the use of CNY1.2 trillion local government special bonds issued in Q4 to counter the current slowdown, the Shanghai Securities News reported citing a State Council executive meeting on Monday. These measures may boost the infrastructure investment growth to more than 7% in Q1, with annual growth projected around 5% to adhere to strict controls of local debt, the newspaper said citing analysts. However, infrastructure investments will lend limited support to an economy and a quick rebound remains difficult, the newspaper said.

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