Local governments are ramping up investment in railway infrastructure, environmental protection and social welfare, China Securities Journal reported Friday. Among these is Ningbo in Zhejiang province, which is planning to invest 130.6 billion yuan (US$20.97 billion) in transport projects in the next three years. The central government has allocated funds to support such investment plans, some experts were quoted as saying. Meanwhile, the Ministry of Commerce has taken steps to spur consumption, the report said.
– Contact HKEJ at [email protected]