Effective investment seen as key to China growth

China’s fiscal revenue dropped 1.2% year-on-year (y-o-y) in the first two months, while its fiscal spending expanded 7% y-o-y, the finance ministry said. — Reuters

BEIJING: Government investment in infrastructure will be more effective this year and is expected to inject more impetus into projects that play key roles in supporting livelihoods and remote areas nationwide, experts say.

The comment came after the Finance Ministry recently announced the nation’s fiscal data for the first two months of this year.