China state planner says will implement some major investment projects

China state planner head:

  • Economy relies on the real economy to move towards future
  • Strong domestic demand is strategic underpinning for China’s modernisation
  • There is room, potential for China to expand domestic demand
  • Will implement some major investment projects
  • Will improve structure of government investment
  • Increase proportion sent to people’s livelihoods
  • Will limit local market protectionism
  • New urban investment in underground pipeline network will top 5 trln yuan

The National Development and Reform Commission of the People’s Republic of China (NDRC) is the country’s ‘State Planner’.

This article was written by Eamonn Sheridan at investinglive.com.