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Local Governments Hasten Major Investment Project Starts

CHINA PRESS
MNI (Singapore)

Local governments have accelerated the launch of major projects, with more infrastructures focusing on improving people’s livelihood, digitalisation and the green transition, Securities Daily reported citing analysts. According to incomplete statistics from Mysteel, a total of 7,970 projects were started across the country in January, an increase of 187.21% m/m, with total investment rising 202.46% m/m to CNY5.4 trillion. The proportion of private investment among newly started projects rose last month, and authorities should lower the threshold for social capital in some tech-based infrastructure and road transportation projects, said Wang Qing, chief macro analyst with Golden Credit Rating.

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