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Infrastructure Investment Likely To Rebound In H2

CHINA PRESS
MNI (Singapore)

China’s infrastructure investment is likely to reach 6-7% y/y by year-end from the 5.7% in H1, supported by accelerated issuances of project-linked ultra-long-term special treasury bonds, local government special bonds and expected fiscal expansion, China Securities Journal reported citing analysts. The construction of major projects has quickened with the completion of CNY337 billion of railway investment in H1, which grew by 10.6% y/y to hit a record high for the same period in history, the newspaper said. Investment in water conservancy projects also rose by 4.7% y/y to reach CNY783 billion in H1, the newspaper added.

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