China’s total fixed-asset investment rose to 51.9 trillion yuan (US$8 trillion) in 2020, an increase of 2.9 per cent compared to the previous year, but at the same time, its overall debt level also rose to 270.1 per cent of gross domestic product (GDP) from 246.5 per cent in 2019. Photo: Xinhua China’s total fixed-asset investment rose to 51.9 trillion yuan (US$8 trillion) in 2020, an increase of 2.9 per cent compared to the previous year, but at the same time, its overall debt level also rose to 270.1 per cent of gross domestic product (GDP) from 246.5 per cent in 2019. Photo: Xinhua
China’s total fixed-asset investment rose to 51.9 trillion yuan (US$8 trillion) in 2020, an increase of 2.9 per cent compared to the previous year, but at the same time, its overall debt level also rose to 270.1 per cent of gross domestic product (GDP) from 246.5 per cent in 2019. Photo: Xinhua
China economy

China’s top 5 infrastructure projects set to cost US$131 billion, but overall investment set to drop amid debt fears

  • Last year, China turned to its old playbook to drum up growth amid the coronavirus outbreak by boosting investment spending on infrastructure projects
  • But growing pressure on local government finances are among the reasons that the growth of infrastructure investment could slow

Topic |   China economy
China’s total fixed-asset investment rose to 51.9 trillion yuan (US$8 trillion) in 2020, an increase of 2.9 per cent compared to the previous year, but at the same time, its overall debt level also rose to 270.1 per cent of gross domestic product (GDP) from 246.5 per cent in 2019. Photo: Xinhua China’s total fixed-asset investment rose to 51.9 trillion yuan (US$8 trillion) in 2020, an increase of 2.9 per cent compared to the previous year, but at the same time, its overall debt level also rose to 270.1 per cent of gross domestic product (GDP) from 246.5 per cent in 2019. Photo: Xinhua
China’s total fixed-asset investment rose to 51.9 trillion yuan (US$8 trillion) in 2020, an increase of 2.9 per cent compared to the previous year, but at the same time, its overall debt level also rose to 270.1 per cent of gross domestic product (GDP) from 246.5 per cent in 2019. Photo: Xinhua
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