Beijing okays 7 trillion yuan projects for this year
Investment will be in seven industries including oil & gas pipelines, health, clean energy, transportation and mining, say sources
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Beijing
CHINA is accelerating 300 infrastructure projects valued at seven trillion yuan (S$1.5 trillion) this year as policymakers seek to shore up growth that's in danger of slipping below 7 per cent.
Premier Li Keqiang's government approved the projects as part of a broader 400-venture, 10 trillion yuan plan to run from late 2014 through 2016, said people familiar with the matter who asked not to be identified as the decision wasn't public. The National Development and Reform Commission (NDRC), which will oversee the projects, didn't respond to a faxed request for comment.
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