Growth in infrastructure investment accelerates in Oct

SHANGHAI, Nov 15 (SMM) – China’s infrastructure investment, including spending on the construction of roads, railways and some other utilities, rose 3.7% year on year in the first 10 months. up from 3.3% in the first nine months. This is the first rebound in infrastructure spending this year, showed data by the National Bureau of Statistics (NBS).

"Infrastructure projects that were previously suspended or delayed have resumed, while some major infrastructure projects, such as the ones related to water conservation, transportation and energy, have been accelerated," said NBS spokesperson Liu Aihua.