China has announced a series of investment policies and projects which are expected to help the country rebound after pandemic-related safety measures.
In East China’s JSU province, 42 specific measures have been rolled out to support the real economy and to stabilize jobs.
“This year, we will encourage more than 10,000 enterprises to carry out technological upgrading to promote high-quality development”, said an official.
Meanwhile, 266 major projects worth nearly 50 billion US dollars were launched in the Southern Chinese city of Shenzhen.
The National Development and Reform Commission or NDRC says it will work to boost investment in 102 major livelihood projects in 2023.
To facilitate infrastructure construction, the government’s top economic planner will increase financing support for the projects.
“In the first quarter, we will accelerate early insurance and use of local government special purpose bonds and insurance of investment plans within the central government budget”, said the government official.
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The official added that the projects aim to benefit the current economic development, but also to lay a foundation for mid and long-term economic development.
