Reuters reveals China plans $75 billion infrastructure fund to revive economy

Reuters was first to report that China will set up a state infrastructure investment fund worth 500 billion yuan to spur infrastructure spending and revive a flagging economy. China’s economy has started a slow recovery from the supply shocks caused by extensive lockdowns since the second quarter, although obstacles to growth persist, including from a still subdued property market, soft consumer spending and fear of any recurring waves of infections.