BEIJING, Feb. 13 (Xinhua) -- China's overall investment in 2019 is expected to grow steadily due to the rising investment demand and a low base last year, according to a forecast report on China's regional economic development published by the State Information Center on Monday.
In terms of regions, investment in central region is likely to maintain fastest growth in the whole country, investment in the eastern region is expected to grow faster than in 2018, while in the western and northeastern region is expected to pick up.
Statistics show that local government bonds issuance totaled 417.97 billion yuan since the beginning of this year, among which the government of Zhengjiang and Henan issued bonds of over 45 billion yuan.
Building of infrastructure projects are inevitable for a stable economic growth in China. National Development and Reform Commission (NDRC) has approved building of infrastructure projects in areas such as urban rail lines, railway and airport with a total investment of over 1.3 trillion yuan since the fourth quarter of 2018.
The National People's Congress has authorized the State Council to issue 1.39 trillion yuan of local government bonds in advance and the Ministry of Finance also allocated central transfer payment of 1.33 trillion yuan to local governments in advance. (Edited by Wu Shuang, wushuang2018@xinhua.org)
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