07-05-2014, 11:22 AM
There is transition from export-driven to consumption-driven economy. At the mean time, infra investment will fill-in the gap. Social-housing construction and railway sector seems the immediate focus. Social-housing construction is the focus for YZJ's property development. It seems Mr. Ren might be right again this round...
(vested in YZJ)
Redefining infrastructure to boost growth
After several months of disappointing economic indicators, China’s State Council has unveiled a mini stimulus package, focused on social-housing construction and railway expansion.
The decision came a month after Premier Li Keqiang’s declaration that China had set its annual growth target at around 7.5 per cent — the same as last year’s goal.
The implication is clear: While consumption-driven growth remains a long-term goal for China, infrastructure will continue — at least in the short term — to serve as a key driver of China’s economy.
...
http://www.todayonline.com/chinaindia/ch...ost-growth
(vested in YZJ)
Redefining infrastructure to boost growth
After several months of disappointing economic indicators, China’s State Council has unveiled a mini stimulus package, focused on social-housing construction and railway expansion.
The decision came a month after Premier Li Keqiang’s declaration that China had set its annual growth target at around 7.5 per cent — the same as last year’s goal.
The implication is clear: While consumption-driven growth remains a long-term goal for China, infrastructure will continue — at least in the short term — to serve as a key driver of China’s economy.
...
http://www.todayonline.com/chinaindia/ch...ost-growth