China doubles value of infrastructure project approvals to stave off economic slowdown amid trade war

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The Chinese government has doubled the value of large-scale infrastructure projects it has approved so far this year compared to last year, as it steps up efforts to steady the flagging economy amid a bruising trade war with the United States.The National Development and Reform Commission (NDRC) has approved 21 projects, worth at least 764.3 billion yuan (US$107.8 billion), according to South China Morning Post calculations based on the state planner’s approval statements released between…

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