Rules in pipeline for public-private projects

More social funds for local govt fiscal spending to fuel infrastructure boom

Infrastructure construction could be further fueled by inviting more private funds into local governments' fiscal spending under new policies and clarified regulations, on which policymakers will count to shore up the world's second-largest economy this year.

Even though credit growth in January was faster-than-expected, experts believe that this may not be fast enough to boost infrastructure projects, given the large funding gap for the government. They said more proactive fiscal tools could be used.