The Chinese government is unlikely to roll out any massive stimulus plan but instead, it will use available tools to fine-tune its policy goals to maintain economic growth with a particular focus on investing in infrastructure projects, according to the July 23 State Council Executive Conference. The central government encourages the deployment of unencumbered cash under a market-orientated approach to funding infrastructure projects under construction to ensure their completions to maintain economic growth.
For more details, please refer to the Chinese report:
《联合信用评级有限公司 2018 年第三季度城投行业报告》