China turns to US$503bil rail expansion to boost growth


BEIJING: China plans to spend 3.5 trillion yuan (US$503bil) to expand its railway system by 2020 as it turns to investments in infrastructure to bolster growth and improve connectivity across the country.

The high-speed rail network will span more than 30,000 km under the proposal, according to details released at a State Council Information Office briefing in Beijing yesterday.

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