"Over the last few months, the credit growth as well as infrastructure investment growth have both speeded up. In our view, this kind of recovery will continue and help infrastructure investment to be sustained next year," she said.
The second reason for the recovery is a rebound in the property sector in China, she said. The Chinese government, since two years ago, has tightened the policies on the property sector with home purchase restrictions and higher down-payment requirement for mortgage.
Since the beginning of this year, the approval of the homebuyers' first mortgage has been eased. Mortgage rates have been lowered a couple of times.
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