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China Daily / 2023-12 / 08 / Page014

Ample funds power infrastructure projects across China

By ZHUANG QIANGE | China Daily | Updated: 2023-12-08 00:00

Chinese provinces are propelling a fresh wave of infrastructure construction as well as accelerating the pace of existing projects, powered by sustained fund inflow through government bonds and bank loans, signaling a surge in vital facilities by year-end, experts said.

With a 500 billion yuan fund ($69.9 billion) infusion from newly added government bonds in particular, the nation anticipates robust investment in infrastructure and expects a potential uptick in investment growth, they added.

In the Suxi township of Yiwu, Zhejiang province, construction of the landmark Yiwu (Suxi) International Hub Port is on a steady track toward completion.

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