Ample funds power infrastructure projects across China
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.