China to boost economic demand, speed up infra buildup, says state planner

BEIJING – China will boost economic demand in a strong, reasonable and moderate manner and accelerate infrastructure construction in the third quarter of the year, officials from the state planner said on Tuesday.

The comments came after bleak data for July, which showed the world’s second-biggest economy unexpectedly slowed and property investment falling at the fastest clip this year.

“China will optimize policies for sustained economic recovery, macro policies should expand demand actively in a strong, reasonable and moderate manner,” Yuan Da, a spokesperson at the National Development and Reform Commission (NDRC), told a news conference.

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