Infrastructure to remain main economic growth engine


Infrastructure is projected to remain the main growth engine for China’s economy this year, creating a market worth 16 trillion yuan ($2.32 trillion), China Business News reported.

Some provinces have recently unveiled their investment plans for the new year. Both well-developed eastern provinces and underdeveloped western and central regions have put infrastructure investment, especially in the transportation sector, in an important position.

Among them, provinces such as Guangdong, Zhejiang, Henan and Guizhou have higher share of infrastructure investment figures, the newspaper said.

For example, Guangdong plans to invest 520 billion yuan in key projects in 2017, up 20 billion yuan from the previous year. The southern province also plans to start six railway and seven highway projects this year.

China’s fixed-asset investment is forecast to grow at eight percent, said Xu Guangrui, director of the industry research institute under China Fortune Land Development Co Ltd…

Read more : China Daily, 06.01.2017