China’s top economic planner approved seven more railway projects with a total investment of about 200 billion yuan (USD 32.7 billion) as Beijing moves to step up infrastructure commitments to offset a cooling economy, nasdaq.com writes.
It came after the regulator last week gave the green light to three railway projects with a combined investment of 247.6 billion yuan (USD 40 billion).
The newly-approved rail projects will link cities in both northern and southern parts of China, according to information posted on the website of the National Development and Reform Commission
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