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Investment Off To Strong Start In 2023

CHINA PRESS

Provincial data shows investment in major projects around China are off to a strong start in 2023 and will play an important foundation in the economic recovery this year, according to Sheng Chaoxun, Director of the China Macroeconomic Research Institute. Guangzhou authorities are targeting CNY1 trillion in fixed asset investment across 2023, and have signed or started projects worth CNY680 billion so far this year. Shenzhen has launched 266 new construction projects with a total investment of approximately CNY329.5 billion in so far in Q1. Sheng said high-quality industrial projects will play a leading role, with 5G, industrial Internet and data centers being a strong focus. (Source: Shanghai Securities News)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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