NDRC: Finance in Urbanization Would Not Be A Problem.

  • Friday, December 20, 2013
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  • Keywords:economy
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[Ferro-alloys.com]It was reported that China Development Bank estimated recently that RMB 25 trillion would be needed in Chinese urbanization investment within three years. Zhao Xijun, the deputy director of the School of Finance at Renmin University of China said the giant investment in urbanization construction was not one-off but long-term. This problem could be solved through diversified financing. An official of National Development and Reform Commission (NDRC) pointed out finance in urbanization would not be a problem.
 
It was analyzed that industrial capital would depend on market. In public utilities and livelihood projects, local finance would take the burden. We could learn from the successful experience of Shenzhen City and Pudong District.
 
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