Wednesday, November 30

China’s Shanghai launches infrastructure projects worth $257 bln

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BEIJING — China’s commercial hub of Shanghai launched on Tuesday eight infrastructure projects with total investment of 1.8 trillion yuan ($256.83 billion), state media said.

The projects span areas from urban transit to railways, wind power, and housing improvement, the Shanghai Observer said. ($1=7.0086 Chinese yuan renminbi) (Reporting by Beijing newsroom; Editing by Clarence Fernandez)