MNI POLICY: China's To Sustain Investment, Projects Quicken

China's investment momentum is expected to continue with more projects starting with additional funds available from the central budget, special local government bonds, and anti-epidemic special Treasury bonds, said Meng Wei, spokeswoman of the National Development and Reform Commission at a briefing on Wednesday.

The NDRC will supervise and guide local authorities to speed up project construction, as well as the issuance and use of infrastructure-back special bonds, said Meng. Local governments should also prepare more major projects for next year, Meng added.

Meanwhile, China will support private investment to participate in high-tech infrastructure constructions and further standardise and innovate the Public-Private Partnership model to attract private investors.

Meng also said the NDRC will strengthen supervision and transparency in the issuance of corporate bonds when asked about how to deal with increasing bond defaults.