China plans to invest a whopping 4.7 trillion RMB into transport infrastructure

Shanghaiist

Dominic Jackson
May 29, 2016

The following is an excerpt. To view the full article please visit the link below

China has outlined a massive spending plan worth 4.7 trillion yuan ($725 billion) to provide more reliable transport to some of the country's more remote regions.

According to People's Daily, more than 300 new projects have been proposed, including a significant number to connect China's more isolated and impoverished areas with regional transport hubs using road and rail.

Zheng Jian, a member of the National Development and Reform Commission, said that the spending plans are part of a pledge to bring the entire population above the poverty line by 2020.

"We think access to more reliable forms of movement …

* * *

The opinions expressed in this article/multimedia are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors.