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Update: Infrastructure Investment Growth Slips Further

A construction site is seen in Fuzhou, Fujian province, on March 14. Photo: VCG
A construction site is seen in Fuzhou, Fujian province, on March 14. Photo: VCG

* Infrastructure investment grows 12.4% year-on-year in the first four months of 2018

* Slowdown coincides with Beijing's moves to rein in local government borrowing

 

(Beijing) — Growth in infrastructure investment has slowed further this year amid Beijing’s ongoing deleveraging campaign aimed at keeping local governments from sliding deeper into debt.

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