China approves $157-billion infrastructure spending

SHANGHAI/BEIJING (Reuters) – China has given the green light to 60 infrastructure projects worth more than $150 billion (93.6 billion pounds), as it looks to energise an economy mired in its worst slowdown in three years, fuelling hopes the world’s growth engine may get a lift from the fourth quarter. Prices of shares and steel futures contracts jumped on the plans to build highways, ports and …
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