Fitch: Infrastructure investment to support China’s GDP growth in 2022

“China’s infrastructure fixed-asset investment (FAI) is likely to accelerate in 2022 to cushion a property investment slowdown and stabilize the economy,” said global rating giant Fitch during early Friday.

Fitch also adds, “Total FAI may rise by low-single digits as infrastructure FAI picks up to mitigate the slowdown in property investment.”

Also positive for China could be the Reuters news stating, “China regulator talks to foreign banks to soothe concerns over the economy.”

Reuters quotes three sources familiar with the matter to mention, “China's Securities and Regulatory Commission (CSRC) this week held a meeting with executives of top western banks and asset managers to reassure them about economic prospects after last year's unprecedented regulatory crackdown.”

FX reaction

The news joins the recent US dollar pullback to help AUD/USD print mild gains above 0.7000.

Read: US T-bond yields, stock futures rebound as markets wait for US data