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Government increases railway spending

1 August 2012
China will increase railway spending by Rmb64bn to Rmb580bn in 2012, the Ministry of Railways said, updating an investment plan published earlier in July.

The 12.4 per cent increase on planned spending will involve about Rmb470bn spent on infrastructure, a rise of 15.8 per cent from the original plan.

The central government is again prioritising infrastructure projects to support an economy that has been affected by worsening economic conditions in the US and EU.

     
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