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China's Strong Infrastructure Investment To Help Q1 Growth: Journal

CHINA PRESS
MNI (Singapore)

China’s infrastructure investment may grow over 10% y/y in Q1, with this year’s total likely to rise by 5-8%, driving up economic growth, the China Securities Journal reported citing analysts. The National Development and Reform Commission has approved 11 projects, with a total investment of CNY287.9 billion in Q1, the second-highest reading for the same period since 2016, just less than Q1 2019, the newspaper said. Infrastructure demand may exceed the market's expectation in Q2 as the epidemic eases and fiscal efforts continue to accelerate projects, the newspaper said.

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