More proactive policy on the way

Investments will mainly be in transport, oil and gas, and telecom industries

More proactive fiscal policy, coordinated with moderate monetary easing, will initialize economic stimulus in targeted key areas in China, as investment is seen as an engine to drive growth versus external headwinds, said economists.

"Proactive fiscal policies to be more proactive" is the "loud and clear" message delivered by the authorities at the moment, economists said, as they look toward the upcoming policy fine-turnings but not a deluge of strong stimulus, especially through further tax cuts and greater fiscal spending.