As per a report by a Chinese securities company, 45 trillion RMB will be poured into projects categorized as fixed asset investment (FAI) by 23 provinces in 2017. The news is stirring up anxiety among Chinese, especially the middle class who have substantial bank saving.
On 15th Feb, a news conference in Beijing revealed that 18 large projects with investment totalling 153.9 billion yuan ($22.44 billion) last month amid efforts to stabilize economic growth by boosting infrastructure investment. These projects are nicknamed as “Tie Gongji” or Iron Rooster because they were usually related to railway, highway and airport. January’s number in investment was lower than the 184 billion yuan investment approved in December 2016 but still above the monthly average of 142 billion yuan in 2016.
http://news.8btc.com/will-the-45-trillion-investment-plan-boost-cny-inflation
