China’s leaders have for the first time explicitly committed to reversing a fall in investment, one of the main drivers of growth in the world’s second-largest economy.
The pledge, made at the end of a two-day economic policy conference of top Communist party officials, was the first official indication that a sudden and sharp slowdown in fixed-asset investment in recent months is worrying leaders.
“We will promote the stabilisation and recovery of investment,” said a report of the meeting, which was chaired by President Xi Jinping. This would be achieved by increasing central government investment, implementing key projects and stimulating private investment, said the report published by state news agency Xinhua.
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