China vows more targeted infrastructure investment

Head of the ndex.html" target="_blank">ndex.html" target="_blank">National Development and Reform Commission (ndex.html" target="_blank">ndRC) He Lifeng (C), deputy heads of the ndex.html" target="_blank">ndRC Zhang Yong (2nd R) and Ning Jizhe (2nd L) take questions during a press conference on innovation and improvement of macro-economic control and promotion of high quality development for the first session of the 13th ndex.html" target="_blank">ndex.html" target="_blank">National People's Congress in Beijing, capital of China, March 6, 2018. (Xinhua/Li Xin)

BEIJING, March 6 (Xinhua) -- The Chinese government will ensure its infrastructure investment be more targeted, an official said Wednesday.

He Lifeng, head of the ndex.html" target="_blank">ndex.html" target="_blank">National Development and Reform Commission, said at a press conference on the sidelines of the annual legislative session that measures are being taken to prevent investment made by all levels of governments from causing new debts or half-finished projects.

A deluge of investment with no specific target is neither necessary nor possible, he said.

Financing will support projects that are under construction or new ones that serve the overall economic and social needs, he said.