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August 1st, 2012
China Spends on Infrastructure to Boost Economy

China has quietly increased its budget for railway investment this year by 16%, data from the Ministry of Railways showed, a fresh sign that Beijing is seeking to boost the economy through infrastructure spending. Separately, an industry group forecast that China’s power-consumption growth will likely accelerate in the second half of the year from relatively anemic growth in the first half due to an expected improving economy. Chinese electricity consumption is a closely watched gauge of the nation’s growth. Read More