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China accelerates infrastructure investment plan as Evergrande woes add to economic slowdown fears

Summary:
China’s infrastructure investment, often funded by governments and state-owned banks, grew by only 2.9 per cent in the first eight months of 2021, far below fixed asset investment growth of 8.9 per cent, according to data from the National Bureau of Statistics. Photo: EPA-EFE

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China accelerates infrastructure investment plan as Evergrande woes add to economic slowdown fearsChina’s infrastructure investment, often funded by governments and state-owned banks, grew by only 2.9 per cent in the first eight months of 2021, far below fixed asset investment growth of 8.9 per cent, according to data from the National Bureau of Statistics. Photo: EPA-EFE

China’s infrastructure investment, often funded by governments and state-owned banks, grew by only 2.9 per cent in the first eight months of 2021, far below fixed asset investment growth of 8.9 per cent, according to data from the National Bureau of Statistics. Photo: EPA-EFE

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