China will invest more in the country’s high-tech research and development, as well as infrastructure development, including railway. Total investment is estimated to exceed 6 trillion yuan (USD 926.6 billion) this year, half of which will be special funds targeting projects such as transportation, environment protection, urban planning, and tourism.
Other funds may go to projects including railway.
Sheng Guangzu, general manager of China Railway Corp, the country’s railway service provider, said in January that more than 800 billion yuan (USD 123 billion) will be injected into railway construction in 2016.
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