China Touts 50 Trillion Yuan in Infrastructure Spending, Yet Just 7.5 Trillion Scheduled for 2020

 -  -  165


While domestic media reports have highlighted plans for nearly 50 trillion yuan (approx. USD$7.15 trillion) in infrastructure spending in China as the economy reels from the impacts of the coronavirus, only 7.5 trillion (approx. $1.07 trillion) of this amount is scheduled for implementation in 2020.

Research from Zhongtai Securities (中泰证券) has further determined that the amount of infrastructure spending for many of China’s regional governments has declined compared to 2019.

For a total of 11 provinces, including Yunnan, Sichuan and Fujian, the total infrastructure investment amount for key projects announced in 2020 is 27.68 trillion yuan, for a decline of over 50 billion yuan compared to the 27.74 trillion yuan in key projects announced in 2019.

Figures from the National Development and Reform Commission (NDRC) indicate that as of 3 March the authority had approved infrastructure projects worth 228.605 billion yuan in total, for an increase of 93.029 billion yuan compared to the same period last year.

Future Investment Plans Publicly Announced by 25 Chinese provinces

RegionTotal investment amount (trillion yuan)Investment projects2020 investment amount (trillion yuan)
Guangdong5.912300.7
Yunnan5.05250.44
Sichuan4.47000.6000
Fujian3.840015670.5005
Shanxi3.787971810.8151
Shaanxi3.38266000.5000+
Henan3.30009800.8372
Hubei3.1570894
Shandong2.90001021
Chongqing2.72009240.3445
Gansu2.200022360.4500
Guangxi1.962011320.1675
Hebei1.88335360.2402
Jiangxi1.11953350.2390
Tianjin1.00253460.2105
Hunan1.0000105
Zhejiang0.88645370.1473
Heilongjiang0.88563000.2
Ningxia0.2268800.0510
Jiangsu2400.5410
Guizhou0.4300
Beijing3000.2523
Tibet1790.1872
Shanghai1520.1500
Anhui2510.1254
Total49.5536 22,3517.6287

Related stories

Bei­jing Is­sues New Di­rec­tive on Mit­i­gat­ing Coro­n­avirus Im­pacts by Spurring Con­sump­tion

Con­sumer and Prop­erty Lend­ing Ex­pected to Plunge in Feb­ru­ary Fol­low­ing Coro­n­avirus Im­pacts

Chi­nese Cen­tral Bank Says Prop­erty Will not Be Used for Short-term Eco­nomic Stim­u­lus Dur­ing Coro­n­avirus Out­break

16 recommended
comments icon 5 comments
5 notes
2201 views
bookmark icon

Write a comment...

Your email address will not be published. Required fields are marked *