China Wants to Avoid Flood of Infrastructure Investment in 2020

A train passes through Chengya section of the Sichuan-Tibet railway in Chengdu, capital of Southwest China's Sichuan province on March 10, 2019.

(Bloomberg) — China’s state economic planner said it would make “precise” and “effective” investments in transportation infrastructure next year, instead of a flood of investments.

The government will focus on filling in transportation infrastructure gaps next year and strive to achieve relevant goals laid out in the thirteenth “five-year plan” which ends next year, said Meng Wei, a spokeswoman for the National Development and Reform Commission. She was speaking at a briefing Tuesday.

Meng reiterated that China will let the market play a decisive role and said the government will play a better role in allocating resources. Key transportation infrastructure projects lined up for next year include the Sichuan-Tibet railway, a railway network in the Yangtze River Delta and public roads in rural China, she said.

Contact editor Yang Ge (geyang@caixin.com)