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China Plans $75 Billion Infrastructure Fund to Support Economy, IMF 2022 Forecast 4.3% & China Goal at 5.5%
8th July 2022 | Hong Kong
China is planning to setup a $75 billion infrastructure fund (Q3 2022) to support China economy (IMF China Forecast: 4.3%, China 2022 Goal: 5.5%) that had slowed down due to continued COVID-19 outbreak & lockdown measures and resulting in broad decline in economic activity (consumer spending, real estate activity etc). In June 2022, at the China State Council meeting, China Premier Li Keqiang announced $120 billion of bank loans to support infrastructure spending, an economic stimulus package to support China’s economy. The $120 billion spending stimulus will be funded via China’s state-owned banks: Bank of China, China Construction Bank, ICBC and Agricultural Bank of China.
“ China Plans $75 Billion Infrastructure Fund to Support Economy, IMF 2022 Forecast 4.3% & China Goal at 5.5% “
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