Shanghai to Quicken Infrastructure Building to Aid Growth: Journal

The Shanghai government seeks to expedite the issuances of bonds for infrastructure in the first half, so as to accelerate projects and stimulate growth, the China Securities Journal reported. Shanghai plans to complete more than CNY200 billion major projects including ports, railway, rail transit, water conservancy and underground pipeline, the newspaper said citing an official document. The government will also launch several major technology-enabled projects including smart hospitals, factories and transportation, guiding more private capital to invest in these areas by offering special loans with preferential interest rates, the newspaper said.