2021-07-19 02:58:21 GMT2021-07-19 10:58:21(Beijing Time) Xinhua English
BEIJING, July 18 (Xinhua) Investments in high-tech sectors and infrastructure projects may help mitigate potential downward pressure on the Chinese economy in the second half (H2) of this year, an economist said.
The economy may encounter challenges in H2 as pent-up demand subsides and property tightening measures bite, but enough fiscal room for investment may help address the potential downward pressure, said Lu Ting, chief China economist with Nomura Securities.
The amount of debt issuance by the central and local governments in H1 was notably less than half of the quota for the whole year, indicating fiscal room for more infrastructure investment to counter a potential decline in growth pace, Lu said in a press briefing.
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