Fitch Ratings-Shanghai stated on Friday that China's infrastructure investment development remains robust and should stay solid in the year's second half.
According to the rating agency, the sector's growth can occur despite certain constraints "due to high-base effects and constrained spending capacity at local governments." Moreover, Fitch also cautioned on the "increasing" reliance of China's total-fixed asset investment to the state sector, "with state investment rising by 8.1% on a yearly basis in 1H23, against a fall of -0.2% at private peers."
"The central government has released a series of policies to support private investment and consumption, but the impact will depend on the policy details and execution," the report said.
