Nation ups support to fund infrastructure construction projects

BEIJING－China is channeling more financial support to infrastructure construction amid national efforts to catalyze domestic demand and sustain economic recovery.

The fresh move came as a State Council executive meeting announced last week that the quota of "policy-backed and development-oriented financial instruments" would be expanded by another 300 billion yuan ($43.5 billion) to better fund major infrastructure projects.

Prior to this, 300 billion yuan in total had already been allocated via such instruments, namely two funds operated by China Development Bank (CDB) and Agricultural Development Bank of China (ADBC).