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China to spend another US$8.3b on infrastructure

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China has approved five new projects to build new infrastructure worth at least 51 billion yuan (US$8.3 billion), the National Development and Reform Commission said on Friday.

[BEIJING] China has approved five new projects to build new infrastructure worth at least 51 billion yuan (US$8.3 billion), the National Development and Reform Commission said on Friday.

The projects comprised one airport and four railway and subway lines, the economic planner said in an online statement.

China has increased spending allotted to public infrastructure in recent weeks as the world's second-largest economy shows renewed signs of lacklustre activity.

REUTERS