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China adds 6,800km to rail network to counter economic slowdown

28 10 75
08.01.2019

CHINA has approved more than US$125 billion worth of rail projects for the coming year, which will see the world’s fourth largest country add almost 7,000 kilometres of track to their network in the next 12 months.

The boost in fiscal spending is aimed at counteracting an economic slowdown in the wake of dropping consumer confidence and a trade war with the United States.

All of the eight urban rail projects, announced by the National Development and Reform Commission, were approved over the month of December and the first week of January as the slowdown started to bite.

SEE ALSO: How AI is making India’s railways safer

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© Asian Correspondent