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China Approves Infrastructure Projects

Government OKs road building and other projects to boost economy.

By Jasmine Wang, Bloomberg | Updated on September 07, 2012

China approved plans to build 2,018 kilometers (1,254 miles) of roads, spurring the biggest stock-market rally in almost eight months on signs the government is stepping up stimulus efforts to revive economic growth.

The government also backed nine sewage-treatment plants, five port and warehouse projects, and two waterway upgrades, according to statements on the website of the National Development and Reform Commission yesterday. No investment amounts were given.

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