China’s state council says to boost investment in key areas: state media

BEIJING (Reuters) – China will step up targeted investment in key parts of the economy as well as in areas of weakness with the aim of boosting domestic demand, the State Council, or cabinet, was cited as saying by state radio on Tuesday after a meeting.

The cabinet said investment in railway and road projects in central and western China will be increased. It said it is also telling financial institutions to boost support for small exporting firms.

“Amid a complex international situation, it is necessary to further stimulate the vitality of China’s domestic market,” state radio cited the cabinet as saying.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.