The nation's massive infrastructure aspirations show no sign of slowing, as State-owned builders are accelerating major projects nationwide, which experts attribute to the increasingly abundant liquidity injected into the sector this year.
Supported by the expanding effective investment in the country, many listed companies along the infrastructure industrial chain recently announced the winning of major project tenders.
China's fixed-asset investment went up 4.7 percent year-on-year in the first four months of 2023, data from the National Bureau of Statistics showed Tuesday.
The surging demand for better infrastructure nationwide and in global markets especially those involved in the Belt and Road Initiative is expected to draw increasing participation from State-owned enterprises engaged in the sector, as such demand is providing valuable opportunities to sharpen their business edge and expand operating scale, a recent report said.
Investment in China s roads and waterways up by 15% in Q1 shanghaiist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaiist.com Daily Mail and Mail on Sunday newspapers.