China’s cabinet has moved to quicken the pace of 102 major projects outlined in its 2021-25 development plan as leaders admit that stabilising the national economy in the first half of this year will be an uphill battle, because of the spread of coronavirus in major cities, the South China Morning Post reported on Tuesday.
“Our economic operations are now at the key stage of surmounting obstacles,” said a statement that followed the State Council meeting chaired by Premier Li Keqiang on Monday. “We must put growth stabilisation in a more prominent position, and firmly implement the strategy of domestic demand expansion.” Projects earmarked for urgent attention involve food and energy security, advanced manufacturing and hi-tech industries, affordable housing, plus transport and telecom infrastructure.
Read the full story: South China Morning Post.
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