NDRC: Infrastructure investments in China to see medium growth in 2019

Tuesday, 26 February 2019 13:56:38 (GMT+3)   |   Shanghai

In 2018, the volume of all planned investment projects (projects that have been examined, approved or put on record) in China showed rapid growth, rising by 15.5 percent year on year, as announced by China’s National Development and Reform Commission (NDRC) in its 2018 Fixed Asset Investment Development Trend Monitoring Report and Investment Outlook for 2019.

According to the report, the volume of planned infrastructure investment projects in 2018 rose by 5.3 percent year on year. Since it will normally take almost one year for infrastructure projects to start construction, investment in infrastructure in 2019 will likely shown medium growth.

Meanwhile, the volume of planned investment projects for the real estate industry in 2018 rose by 32.8 percent year on year. Since it will usually take almost three months for real estate projects to start construction, with some of the planned projects in the real estate industry starting construction late in 2018, investment in the real estate industry in the first quarter of 2019 is also expected to show medium growth.

Most Recent Related Articles

China’s auto dealer inventory warning index rises in June from May

CISA mills’ daily output stops increasing in late June, stocks decline

MOF: China issues around RMB 3.5 trillion of local government bonds in H1

Asian wire rod prices down due to lower bids

Chinese steel pipe export offer prices move sideways