China's National Development and Reform Commission said investment growth in China which is in record-low could see further weakness in the future and authorities should step up fiscal and financial policy to boost investment.
China is pushing for more infrastructures spending, with the economy facing internal and external risks such as U.S. tariffs, but the benefits will take a long time as experts expect the Chinese economy to deteriorate before it improves again.
Investment in fixed assets grew during the first seven months of 2018 at the slowest pace since early 1996. Moreover, initial investment approvals (an indicator of future activity) declined sharply, according to the National Development and Reform Commission's statement.
