China GDP grew by “only” 3% in 2022, but investments grew more than 5% and infrastructure investments by 9.4%, the Global Times reported yesterday. Growth in infrastructure investments won’t have an immediate return, but they will have a large one in the longer term.
“China will continue to count on investment as a driving force for economic growth this year, experts said,” Global Times reported. “When China’s economy is being influenced by multiple unexpected factors and facing downward pressure, China is strengthening investment in major infrastructure projects to activate private capital, expand effective investment, drive employment and boost consumption,” Zhou Maohua, an economist at Everbright Bank, told the Global Times.
