China to launch major network, water, environmental projects

Beijing

CHINA will launch further "major" investment projects in information networks, water conservancy and environmental protection this year, Premier Li Keqiang said on Wednesday.

Fiscal and monetary policies would be kept flexible and appropriate "targeted" adjustments made when needed to support the real economy, Premier Li said at a meeting with Cabinet officials.

His remarks were published on the government's website and no further details were given.

China's economy, the world's second largest, has had a rough time this year as unsteady exports, weaker domestic investment growth and a softening property market all weighed on activity.

To ensure the economy grows by around 7.5 per cent this year, as the government hopes, authorities have taken several measures, such as reducing the amount of deposits that …