China turns to 3.5t yuan rail expansion to boost growth
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Beijing
CHINA plans to spend 3.5 trillion yuan (S$730 billion) to expand its railway system by 2020 as it turns to investments in infrastructure to bolster growth and improve connectivity across the country.
The high-speed rail network will span more than 30,000 kilometres under the proposal, according to details released at a State Council Information Office briefing in Beijing on Thursday.
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