19-09-2018

s the China-US trade war heats up again, the Central Government strived to implement fiscal policy to increase investment in social infrastructure in order to reduce economic downside risks. The National Development and Reform Commission announced on Tuesday that more resources would be channeled to infrastructure development projects, striving to kick start another major batch of infrastructure projects by year end in order to maintain a stable level of investment and boost the economy. The investment area will mainly cover transportation infrastructure, including accelerating the preliminary work of major projects in the central and western regions, speeding up the construction of projects planned in the 13th Five-Year Plan, launching a batch of major projects within this year as well as strengthening the project reserve next year. As the detailed investment plan is expected to be announced shortly, it is expected to have a positive impact on construction-related sectors, including railway, infrastructure and cement sectors in the near term.

Source:
Bloomberg
HK Economic Journal
Wall Street Journal

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