Infrastructure projects

THE National Bureau of Statistics said yesterday that it expects more infrastructure investment projects to be launched after the government completes its inspections on local government debt.

China will also build long-term measures for the property sector, including property tax, statistics bureau spokesman Mao Shengyong told reporters. China will keep economic growth within a reasonable range, said Mao.

Ride-sharing platform

FAW Group, Dongfeng Automobile and Chongqing Changan Automobile have set up a venture to establish a ride-sharing platform, Changan said, creating the kind of service pioneered by Uber.

The new venture, called T3 Mobile Travel Services, would introduce partners from other industries to build the service and seek to make use of the development of driverless cars to offer safer and more efficient travel services to customers.

Rail investments

THE State Council has announced new rules to strengthen management of urban railway projects.

The State Council said that new projects involving companies with excessively high debt ratios will be suspended.