"What we are seeing is that it's not only the fiscal stimulus policy but also the investment in the areas of property (that) is really helping the Chinese economy."
He said investment projects have increased substantially in China this year and would help create investment demand as long as they were funded.
The financing of the projects would be supported by China's loose monetary policy, he added.
Kinoshita did warn though that overcapacity in the steel or cement sector needed to be cooled down and he did not see the export sector performing well next year.