Local Govts to Spend Trillions in Second Half Infrastructure Push

Shangzheng Bao reporter combing around the conference information found in the deployment of the second half of the economic work, and more emphasis on dependable growth as a top priority, and proposed to expand effective investment, give full play to the important role of effective investment in steady growth.

To expand investment, many have already started operations. Jiangxi, Zhejiang, Henan and other places have a number of major projects focused on the second half started, with a total investment of more than 1.8 trillion yuan.

In addition, throughout all stressed the need to expand private investment. According Shangzheng Bao reporter to rough statistics, last month, Guizhou, Gansu, Anhui, Sichuan, Shandong, Inner Mongolia and other places have 6 Release PPP demonstration projects with a total investment over 750 billion yuan.

...In explaining specific measures and more effective to expand investment in the first place, the main initiatives is to catch major investment projects.

For example, Liaoning mentioned, do half of the year, we should pay close attention to the construction of the project, to lay the battle to expand investment, national investment priorities grasp the big, driving ability, good economic returns of a number of major projects; Guangxi said to always dependable growth in a more prominent position, focusing on stable investment, and give full play an effective investment, especially private investment in the important role of steady growth.

Morgan Stanley Huaxin Securities chief economist Zhang Jun said in an interview with reporters, "in accordance with the economic situation in the second quarter, the second half of the need to increase efforts to steady growth, or to achieve the growth target this year, there may be challenges."

Zhang Jun believes real estate investment is now tired and central government seeks to curb asset price bubbles, steady growth in the second half will have to rely on capital investment.
iFeng: 各省部署下半年工作:逾万亿重大投资项目集中发力

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