Policy efforts focus on stability

Government to stabilize credit support, step up infrastructure spending in targeted areas

More efforts to stabilize investment growth and credit support are expected to come out soon to assuage concerns over slowing growth in investment clouding the economic outlook, after a meeting held by top decision-makers set the tone for the policy trend in the second half.

With clear policy signals set in July calling for more efforts to keep investment afloat, some commercial banks, including Industrial and Commercial Bank of China, issued notices to local branches to quicken up the pace of issuing credit to boost infrastructural construction, in particular to support transportation projects and home-renovation projects to improve living conditions for the poor, according to documents viewed by China Daily.