Beijing has been aggressively allocating more funds to infrastructure construction to boost the world’s second-largest economy, which has been facing headwinds. On Monday, China economic planner has approved the construction of three railway projects with a total investment of 109.3 billion yuan ($US17.2 billion).
The projects involve one high-speed rail in central Hubei province, one high-speed rail in Eastern Jiangsu province, and a railway that stretches through southwestern Yunan, Guizhou and Sichuan, according to the National Development and Reform Commission.
Source: The Australian
