BofA Says China Has 25 Trillion Yuan Infrastructure Plan, May Offset Weakness

BofA Global Research Chief Greater China Economist Helen Qiao estimates China's 25 trillion-yuan infrastructure investment plan could generate 5 trillion yuan of economic activity annually, helping offset ongoing property and infrastructure weakness. The figure is a Bank of America estimate, not an official government announcement, and reflects expectations for stimulus-driven growth in the world's second-largest economy.