Economic TimesLean R·
Global Market: China eyes faster national infrastructure spending to steady growth amid local investment slump
China is accelerating national infrastructure projects to boost economic growth this year. This strategy aims to offset reduced local government investment and tighten spending oversight. Beijing plans significant spending on various infrastructure upgrades and high-tech industries. Local governments face debt constraints, limiting their investment capacity and borrowing. Central government responsibility for growth support is increasing as controls tighten.
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