China Infrastructure Report Q3 2013 - New Market Report
As BMI's China Country Risk analysts' expectations for a moderation in economic growth play out, so does our forecast for a slowdown in China's fixed asset investments. The break-up of the Ministry of Railways, which for the past decade has epitomised China's massive infrastructure programme, in our view signals the upcoming moderation (and in some ways, rationalisation) in the infrastructure spending. We maintain our forecasts for 2013 onwards as the infrastructure stimulus plans announced in September 2012 remain in place...
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