China Boosts Infrastructure And Services Spending

China's government said on Friday it will boost spending on major infrastructure and public services to help meet its 2026 growth target, amid global uncertainty including the US-Israeli war on Iran. Beijing on Thursday set a slightly lower 2026 growth target of 4.5%-5% and unveiled a five-year plan of 109 projects, exceeding ¥7 trillion in investment this year and prioritizing AI and computing infrastructure.