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Infrastructure Investment Seen Double-digit Growth In Q3-Daily

CHINA PRESS
MNI (Singapore)

China’s infrastructure investment is expected to reach double digit growth in Q3, after growing by 7.1% in year-on-year terms during H1. A new major project construction boom is set to provide the boost, which will further consolidate the country's economic recovery, the Economic Daily reported, citing analysts. The State Grid said it will complete about CNY300 billion of grid investment and start a large number of major projects totaling CNY417 billion by the end of 2022, while the Ministry of Transport said it will front-load a batch of major projects focusing on canals and fixing dead end roads, the Daily said. In H1, a total of 134,000 new projects were started, an increase of 26,000 compared with the same period last year, the newspaper added.

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