New Market Report: China Infrastructure Report Q1 2015
The continued use of monetary and fiscal stimulus measures by the Chinese government at the expense of structural reforms suggests that near-term growth in China's infrastructure and construction sectors could be stronger than previously expected. That said, we still expect China's construction and infrastructure sectors to experience a structural slowdown over the long-term. The key reason for this outlook is our belief that the basis for the increase in fixed asset investment is through the rise in liquidity in China's...
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