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Policy

China intensifies investment in infrastructure amid policies on overcoming weaknesses

September 04, 2018


Abstract : China’s National Development and Reform Commission (NDRC) and other departments have successively issued policies on overcoming weaknesses in infrastructure construction in order to ensure steady economic growth.

基建

BEIJING, Sept.3 (Xinhua) --- China’s National Development and Reform Commission (NDRC) and other departments have successively issued policies on overcoming weaknesses in infrastructure construction in order to ensure steady economic growth.

Local governments have intensified their efforts to accelerate infrastructure investment in the fields of transportation, environmental protection and livelihood.

For example, southeast China's Sichuan Province has accelerated the railway construction. It targets railway length of more than 6,000 kilometers by 2020.

Similarly, south China's Guangdong Province plans to invest over 1.9 trillion yuan in infrastructure projects under nine categories.

Experts noted that one of the most important aspects in addressing inadequacies on infrastructure investment lies in further promoting reforms on investment field.

According to the NDRC, efforts will be made to further improve business environment, optimize resource allocation and uplift administrative services in a bid to facilitate the implementation of high-quality projects. (Edited by Jiang Feifan, Zhang Yuan, jiangfeifan@xinhua.org)

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Keyword: infrastructure China-NDRC

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