Caixin
Jun 29, 2022 06:54 PM
BUSINESS

China Rail Borrowing Shows Sign of Fiscal Push, Beige Book Says

Photo: VCG
Photo: VCG

(Bloomberg) — China’s transportation construction companies are borrowing more now than at any point since early last year, a sign that the government’s massive infrastructure push may soon start bearing fruit, according to China Beige Book International.

One in five firms in the industry surveyed by CBBI, a provider of independent economic data, issued bonds in the three months through June, while some 22% took out a loan, according to the organization’s latest report released Tuesday. That’s the highest percentage for both metrics since the first quarter of 2021.

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