China pledges to build megaprojects despite pivot to domestic consumption

By Alice Li Ji Siqi

China pledges to build megaprojects despite pivot to domestic consumption

China will continue to 鈥渟cientifically鈥 plan and build megaprojects while maintaining its 鈥渋nvestment intensity鈥 over the next five years, officials said 鈥 even as Beijing seeks to shift to a more consumption-driven growth model.
鈥淭o further drive economic development and improve people鈥檚 livelihoods, it is essential to maintain a certain scale of investment,鈥 said Li Chunlin, vice-chairman of the National Development and Reform Commission (NDRC), the country鈥檚 top economic planner, at a press…

Read More…