Gathering momentum?
BY Kanishk Verghese, Liu Zhen, Reuters |
China’s recent approval of several infrastructure projects has highlighted its growing intent to boost economic growth through public infrastructure spending. To help raise funds, Beijing also plans to implement sweeping bond market reforms. Large state-owned businesses stand ready to benefit, but risks and concerns remain. Kanishk Verghese reports
Additional reporting by Liu Zhen at ALB, and Nick Edwards and Benjamin Kang Lim at Reuters