China Resumes Infrastructure Approval as Growth Slows
(Bloomberg) -- China looks to be taking steps to revive infrastructure investment, with the government starting to approve new projects amid a slowdown in economic growth. The country’s top economic planning body, the National Development and Reform Commission, resumed the approval of infrastructure projects in August after six months, the longest halt since at least 2017. Infrastructure investment expanded by 4.6% in the first seven months from the same period last year, with data for August due Wednesday.
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