Increased Investment in Railway Shows Huge Economic Downward Pressure
ANBOUND
On October 16th, Chinese National Development and Reform Commission approved three new railway construction and expansion projects. ANBOUND think tank scholars believe that the increase of infrastructure construction like the rail way shows that economic downward pressure is huge now. Judging from these new railway plans, the investment and construction of railway is focused on central-western region to implement national strategic plan. However, since now the investment rate is too high and investment growth rate keeps falling, the increase in infrastructure construction is hard to counteract investment growth rate downward pressure caused by investment growth rate fall of industries including real estate industry.