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Is China’s New Infrastructure Spending Spree on Horizon?

The State Council recently unveiled a package of pro-growth policies, including a 1.35 trillion yuan spending plan for local government infrastructure projects. Photo: VCG
The State Council recently unveiled a package of pro-growth policies, including a 1.35 trillion yuan spending plan for local government infrastructure projects. Photo: VCG

China’s top leadership has restored infrastructure investment as a top priority, fueling expectations of a new construction spending spree as the government counters the effects of slowing domestic growth and the trade war with the U.S.

But the investment rush has yet to come into view.

Several provincial-level governments have acted on the central government’s call to put more money into infrastructure projects, but so far, most of those on the agenda are ongoing projects rather than new investment.

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