China fast-tracking public infrastructure pipeline

Government is approving projects at a noticeably brisker pace to re-ignite economy.

BBVA noted that China's National Development and Reform Commission (NDRC) is speeding up the approval process of a number of investment projects, with the recent approval of 25 subway projects in various cities and another 20 infrastructure projects, including over 2,000 km of highway projects and several other container port and waterway projects.

"These efforts are putting the NDRC back in the spotlight, after the economic planning agency authorized several large steel mill expansion projects worth over RMB 100 bn in a single day on May 25th. These moves are signs of the latest efforts by the government to provide fiscal support to the slowing economy," said BBVA.