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Provinces Launch Large Projects To Support Q4 Investment

CHINA PRESS
MNI (Singapore)

Several provinces including Sichuan and Hebei have launched a new batch of major projects expected to help stabilise investment in Q4. Sichuan is promoting a total of 1,874 major projects with a total investment of CNY1.1 trillion this week, covering CNY303 billion of infrastructure projects, CNY618 billions of industrial and scientific equipment projects and CNY160 billion of social welfare projects. Investment in major projects grew by 9.9% y/y in the first eight months, largely driving the 3.2% growth in overall fixed-asset investment. (Source: Securities Daily)

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