Chinese President Hu Jintao urged Asia-Pacific nations on Saturday to speed up infrastructure development to help face the “grave challenges” from the global economy, in comments that follow Beijing’s unveiling of $157 billion in such projects. The remarks at the annual Asia Pacific Economic Cooperation (APEC) summit lent further weight to what analysts see as an increasingly vocal commitment from Beijing to stimulate the economy by leaning heavily on the construction of railroads, ports and other infrastructure. Read More
