Infrastructure project flurry helps spur economy amid headwinds

The nation's infrastructure-building rush is expected to remain in high gear this month as a market observer reported that nearly 20 high-priority projects worth over 1 billion yuan ($138.3 million) each have been approved in just the first two weeks of this month. The construction trend comes as China seeks to spur its economic momentum by boosting effective spending on highways, railways and other public works, analysts said.

According to data from cninct.com, an online infrastructure market information aggregator, there were 17 major infrastructure projects worth at least 1 billion yuan each approved in the first two weeks of this month.

The online platform is operated by Sichuan Suitang Science and Technology Co Ltd, a company listed on the National Equities Exchange and Quotations (NEEQ) board, also known as the "new third board".