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China's factory activity dipped further into contraction in May amid slowing production and weakening demand, official data showed on Wednesday, putting more pressure on policymakers seeking to consolidate the foundations of economic recovery.
China's factory activity dipped further into contraction in May amid slowing production and weakening demand, official data showed on Wednesday, putting more pressure on policymakers seeking to consolidate the foundations of economic recovery.
The rise in special local government bond issuances in the first four months of this year will help energize China's social capital, expand effective investment and funnel more funds into key areas like infrastructure that better serve the country's drive for high-quality development, experts said on Friday.
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.
Multiple signs indicate that China's economy has been recovering with stronger impetus and improved market confidence since the beginning of this year, and analysts expect more growth potential to be unleashed in the coming quarters.