China’s cabinet has decided to relax financing requirements for some infrastructure projects in its latest bid to prop up growth as the world’s second-largest economy continues to slow.
The State Council said it will cut the minimum capital ratio requirement for ports and shipping infrastructure projects from 25% to 20% of the total investment. The ratios for highways, railways, environmental protection facilities and social service infrastructure projects may also be reduced by up to 5% on a case-to-case basis.