(Bloomberg) -- China's state economic planner said it would make “precise” and “effective” investments in transportation infrastructure next year, instead of a flood of investments.
The government will focus on filling in transportation infrastructure gaps next year and strive to achieve relevant goals laid out in the thirteenth “five-year plan” which ends next year, said Meng Wei, a spokeswoman for the National Development and Reform Commission. She was speaking at a briefing Tuesday.
Meng reiterated that China will let the market play a decisive role and said the government will play a better role in allocating resources. Key transportation infrastructure projects lined up for next year include the Sichuan-Tibet railway, a railway network in the Yangtze River Delta and public roads in rural China, she said.
To contact Bloomberg News staff for this story: Lin Zhu in Beijing at lzhu243@bloomberg.net
To contact the editors responsible for this story: Jeffrey Black at jblack25@bloomberg.net, James Mayger
©2019 Bloomberg L.P.
With assistance from Bloomberg
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
