Free Trial

MNI BRIEF: China's Investment Outlook Seen Promising: Official

MNI (Singapore)
BEIJING (MNI)

China still has potential to expand effective investment to boost economic growth given its development stage, and the investment outlook is optimistic, said Ning Jizhe, director of the National Bureau of Statistics at a briefing on Monday.

Investment had dragged down overall economic growth by 0.5% in Q4, bringing the Q4 GDP to a one-and-a-half-year low of 4.0%., see: MNI BRIEF: China Q4 GDP Further Slows To 4%, 2021 GDP At 8.1%.

Ning said investment prospects are promising amid increased fiscal and monetary support. There were 36,767 new projects started in December, and more major projects will be kicked off at the beginning of 2022, Ning added.

China’s per capita infrastructure capital is only 20-30% of that of developed countries, and the per capita investment in public facilities of farmers is only about one-fifth of that of citizens, said Ning, noting further investment is needed to fill the development gap.

True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.