China unveiled this week measures to reinvigorate its economic growth with support for infrastructure investments that are likely to boost demand for various commodities, including oil. As the U.S.-China trade war is escalating and policy makers around the world are warning that tariffs and counter-tariffs could weaken global economic growth, China is looking to boost its economy with measures to expand domestic demand and promote investments, including in infrastructure. China’s key policies in supporting investment include guaranteeing funds for projects under construction, and promoting the construction of major projects. The investment, which would welcome private equity participation, will be focused on the transportation, oil and gas, and telecommunications sectors, according to the Chinese cabinet meeting’s statement. Beijing also plans to pursue a more proactive fiscal policy, extend loans to small and medium-sized enterprises (SMEs), and cut corporate taxes. The plan—China’s most notable attempt this year to accelerate its economic […]