China approves infrastructure investment worth $23.13 bln

By: | Published: January 8, 2016 2:24 PM

China has approved about 152.4 billion yuan ($23.13 billion)investment for nine infrastructure projects ranging from bridges to highways, the country's state planner said on Friday.

china economyChina has approved about 152.4 billion yuan (.13 billion)investment for nine infrastructure projects ranging from bridges to highways, the country’s state planner said on Friday. (Reuters)

China has approved about 152.4 billion yuan ($23.13 billion)investment for nine infrastructure projects ranging from bridges to highways, the country’s state planner said on Friday.

The government has ramped up spending on infrastructure to reinvigorate the world’s second-largest economy that is headed for its slowest growth in more than a decade.

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