Figure 1: China Remains Leader in Infrastructure Spending
Construction machinery leasing companies around the world are enjoying a comeback thanks to a boom in infrastructure projects in China. China’s infrastructure investment growth could accelerate to 7.5 % on the year in 2019 (refer Figure 1 above).
Beijing announced yesterday a 1.35 trillion Yuan (US $199.54 billion) special bond issuance for provincial governments’ infrastructure projects in 2018, disbursal for which is scheduled to be completed by September 2019. Analyst estimates this year’s special bonds issuance could be around 2.2 trillion Yuan.