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China’s manufacturing, property sectors expect robust investment growth

Updated: Feb 26,2019 2:42 PM     Xinhua

BEIJING — China’s manufacturing and property sectors are expected to maintain relatively rapid investment growth in 2019, the country’s economic planner predicted.

Investment on infrastructure might still face pressure given a sharp fall in 2018 and shrinking local government financing channels and is likely to grow at a medium pace, according to a report released on Feb 26 by the National Development and Reform Commission.

The report estimated that mining, mid-and-high-level manufacturing, accommodation and dining, real estate, scientific research and technological services might be popular investment targets.

The country saw fixed assets investment up 5.9 percent year-on-year in 2018.

China still enjoys a huge investment potential thanks to the country’s high deposit level, high-quality development and policy support, said the report.

The government will accelerate commercialization of 5G technologies and beef up investment on artificial intelligence, industrial internet, internet of things, and other new-generation information technology infrastructure.

More investment might go to boosting the efficiency of production factors like resources and human capital, as well as public services such as social security, education and medical care, the report showed.