Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:

China approves transportation projects to heat up economy

by ChemOrbis Editorial Team -
  • 23/10/2014 (16:00)
The Chinese government has approved feasibility reports for five airport and three railway projects, with a total investment of CNY150 billion ($24.5 billion), according to media reports. The government is aiming to boost growth with new infrastructure projects.

The five airports are planned to be located in the northwestern provinces of Qinghai and Inner Mongolia, southwestern provinces of Yunnan and Guizhou and northeast Jilin province. The three railway projects, including a rail line between the central city of Zhengzhou in Henan province to the western city of Wanzhou in Chongqing, are worth CNY144.52 billion ($23.6 billion).

In the third quarter of 2014, China’s economy grew 7.3% year on year, its slowest pace since the global financial crisis.
Free Trial