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China okays $11.45 billion in new urban rail projects in Changchun

Reuters  |  BEIJING 

BEIJING (Reuters) - China's state planner has approved a total 78.7 billion yuan ($11.45 billion) of urban railway projects in the capital of the northern Jilin province, the country's first urban rail project to be approved in a year, local media reported on Sunday.The approval for the projects in Changchun city signals the restart of infrastructure projects that Beijing had put on hold as it sought to contain local government debt, part of its multi-year risk crackdown.The Politburo, China's top decision-making body, said in July that China could boost infrastructure spending, confirming a ...

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First Published: Mon, August 13 2018. 14:17 IST