China doubles down on infrastructure projects as trade war with US drags on ...News

Russia Today - Economy
China doubles down on infrastructure projects as trade war with US drags on
source : Russia Today ( News ) () 53
Beijing has doubled the value of government approved major infrastructure projects this year. The move aims to stabilize the Chinese economy amid the ongoing trade conflict with Washington. The National Development and Reform Commission (NDRC) has approved 21 projects, worth at least 764.3 billion yuan ($107.8 billion), according to South China Morning Post (SCMP) calculations. The amount is more than double the size of last year’s 374.3 billion yuan ($52.8 billion) in approvals recorded over the same period, which included 11 projects such as railways, roads and airports. Also on rt.com

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