Caixin
Jan 03, 2019 07:29 PM
ECONOMY

China Gives Urban Rail Another $34 Billion Boost to Support Growth

Multibillion-dollar intercity rail plans in Jiangsu and Anhui provinces are the latest in a slew of rail projects that the Chinese central government has approved in recent months. Photo: VCG
Multibillion-dollar intercity rail plans in Jiangsu and Anhui provinces are the latest in a slew of rail projects that the Chinese central government has approved in recent months. Photo: VCG

* Plan pushes forward Jiangsu’s plan to have rail links to all its cities with populations exceeding 200,000 by 2025

* Analysts widely expect growth in infrastructure investment to pick up this year on the back of greater policy support from the central government and a low comparison base last year

(Beijing) — China has approved plans for intercity railway projects in two eastern provinces involving a combined investment of almost $34 billion, as the government ramps up infrastructure spending to bolster slowing economic growth.

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