China Wants to Step on the Gas for Construction Projects

(Bloomberg) — China’s cabinet called for speeding up construction of infrastructure projects this quarter as it sees the sector as a critical factor for an economic rebound.

A State Council meeting chaired by Premier Li Keqiang Thursday called on local governments to ensure that construction and supply chains won’t be interrupted and that more job opportunities will be provided to migrant workers, state broadcaster CCTV reported Friday. It vowed to prioritize stabilizing employment and inflation while stepping up efforts to strengthen the economy.