Business Standard

How China plans to spend $1 trn on infrastructure to boost economy

To help boost the economy, Beijing is targeting investments in new energy projects, high-speed rail and water tunnels

Photo: Bloomberg
Premium

Photo: Bloomberg

Tom Hancock | Bloomberg
China is pumping trillions of yuan into infrastructure investment, stimulus that could benefit the world’s second-largest economy well beyond this year’s gloom of Covid lockdowns and property market turmoil. 

Beijing is making 6.8 trillion yuan (about $1 trillion) of government funds available for construction projects, according to Bloomberg calculations based on official announcements. Total spending could be even higher than that — three times that amount, by some estimates — once bank lending and corporate funds are added. 

In the near term, infrastructure investment could give a boost to employment, providing much-needed relief to millions of jobseekers hit by the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 26 2022 | 9:37 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com