Chinese infrastructure stocks stage a strong rally recently as bleak economic data fuelled hopes that Beijing will roll out more stimulus measures to boost the economy. Local governments have announced more than 25 trillion yuan projects.
Amid the increasing downward pressure on the economy due to the coronavirus outbreak, ten local governments including Jiangsu, Beijing, Yunnan, Fujian, Henan, etc. have announced plans of more than 25 trillion yuan projects, of which 4.3 trillion yuan investment is . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare.
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In