Wednesday 21 November 2018
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todayonline - 3 month ago

China state planner accelerates approvals for infrastructure projects

BEIJING - China almost quadrupled the value of fixed-asset investment projects approved in July from the previous month as Beijing looked to expedite infrastructure spending to bolster growth in the world s second-biggest economy. China approved 17 fixed-asset investment projects in July, worth a combined 77.69 billion yuan ($11.24 billion), Zhao Chenxi, an official at the National Development and Reform Commision (NDRC), told reporters on Thursday. That compared with 20.8 billio

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