China To Boost Economic Demand, Speed Up Infrastructure.

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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).

Reuters.

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