China will boost economic demand in a strong, reasonable and moderate manner; and accelerate infrastructure construction in the third quarter of the year.
The comments came after bleak data for July, which showed the world’s second-biggest economy; unexpectedly slowed and property investment falling at the fastest clip this year.
“China will optimize policies for sustained economic recovery, macro policies should expand demand actively in a strong, reasonable and moderate manner,” Yuan Da, a spokesperson at the National Development and Reform Commission (NDRC), told a news conference.
China will step up the use of special local government bonds and new credit granted by policy banks, Yuan added.
NDRC in July approved eight fixed-asset investment projects worth 236.8 billion yuan ($34.89 billion).