China resumed construction of 90% major infrastructure projects, local governments issued 1.4 trillion yuan new bonds

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China has resumed construction of nearly 90 per cent major infrastructure project as the spread of the coronavirus slows. Local governments are also accelerating bond issuance to shore up the economy hit by the coronavirus outbreak.

The resumption rate of China's major projects has increased to 89.1 per cent from 2.3 per cent on February 6, said Ou Xiang, head of the investment department of the National Development and Reform Commission, the country's top economic planner.

The resumption rate of China's major projects has increased to 89.1 per cent . . .

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