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Infrastructure Investment To Thrive With Sufficient Funds-Yicai

CHINA PRESS
MNI (Singapore)

China’s infrastructure investment may be lifted to double-digit growth in 2022 with sufficient supporting funds kicking in in the second half of the year, Yicai.com reported citing analysts. As of July 17, a total CNY4.08 trillion of local government bonds was sold, including CNY3.43 trillion of infrastructure-back special bonds, the newspaper said. A considerable part of the funds will be used in H2, in addition to CNY800 billion credit line of policy banks and CNY300 billion financial bonds to support the financing of major projects, Yicai said. Infrastructure investment is expected to grow 8-10% y/y by year-end from H1’s 7.1%, the newspaper said citing Luo Zhiheng, chief economist of Yuekai Securities.

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