国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Investment spending to get big boost

By Zhao Shengnan (China Daily) Updated: 2015-06-18 07:54

Investment spending to get big boost

Rail tracks are laid on a route in Nantong, Jiangsu province. [Photo/China Daily]

State Council spurs economic growth with new construction projects worth over 120b yuan

China will shore up effective investments, mainly in the infrastructure sector, where raw materials are at relatively low prices, to halt the nation's economic slowdown, the State Council decided at an executive meeting on Wednesday.

As part of its efforts, the central government will pay to upgrade power grids in rural areas, improve grain storage facilities, and upgrade wastewater treatment facilities and other projects in urban areas.

The increased spending will attract more local and private investment, and benefit people's livelihoods, said a statement released after the meeting presided over by Premier Li Keqiang.

The State Council, China's cabinet, pledged to speed up construction of seven major projects, including water conservancy and railways in the less-developed central and western regions.

Efforts will also be made to map out new industries, improve the manufacturing industry's competitiveness and boost modern logistics and urban rail transport, the State Council statement said.

To sustain the growth of effective investment, the State Council pledged at the meeting to guide financial organizations to accelerate approval of loans to key and public-private partnership projects.

Infrastructure investment is seen as a key measure to stabilize growth in the world's second-largest economy, which grew by 7.4 percent in 2014, its weakest annual expansion in 24 years.

China's fixed asset investment recovered slightly in May due to increases in the manufacturing and property sectors, official data showed.

Adding to the infrastructure push, China's top economic planner announced last week it had approved feasibility reports on seven new projects, a sign of increased fiscal spending to spur growth.

The projects, including railways and airports, have a combined investment of over 120 billion yuan  ($19.7 billion), the National Development and Reform Commission said.

Xu Hongcai, an economist at the China Center for International Economic Exchanges, said China could seize opportunities from the grim economic outlook globally, such as the current low prices of construction materials.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
旬阳县| 上饶县| 莆田市| 广饶县| 新乡县| 江阴市| 鄂温| 柳江县| 余江县| 竹北市| 安仁县| 龙江县| 永仁县| 嘉善县| 大姚县| 吴江市| 安顺市| 佳木斯市| 皋兰县| 靖安县| 墨竹工卡县| 那曲县| 富锦市| 小金县| 内丘县| 沂水县| 尼玛县| 香港| 江山市| 绵竹市| 澳门| 涟源市| 仁布县| 清苑县| 巢湖市| 枣阳市| 三穗县| 南华县| 同仁县| 伊宁县| 和静县|