Beijing urges more infrastructure investment, stocks bounce

china infrastructure

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China's top economic planner urged more infrastructure investment and pledged further measures to support infrastructure projects to boost the economy that's been crimped by sluggish domestic demand and escalating trade tensions with the United States.

China will ramp up efforts to improve weak links in infrastructure and more supporting policies will be introduced to stabilise investment, said Meng Wei, spokesman of the National Development and Reform Commission (NDRC) at a press conference on Tuesday.

Stocks of infrastructure companies, construction material providers, steel markers and so forth posted a strong rally on the day, with leading firms in the . . .

 

 

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