• Chinese President Xi: Will step up infrastructure construction, including of oil and gas pipelines

Market news

26 April 2022

Chinese President Xi: Will step up infrastructure construction, including of oil and gas pipelines

Chinese President Xi Jinping commented on Monday that China will step up infrastructure construction, including of oil and gas pipelines, and that China will speed up the construction of its green and low carbon energy base, reported Reuters citing Chinese state media. China will build a batch of regional and general aviation and cargo airports, Xi added, and to meet financing needs from infrastructure construction, China will step up fiscal spending. 

Xi's comments come after he pledged to step up fiscal support to border and less developed areas one week ago. 

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