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Trade war

China ratchets up stimulus with record rail spending

Investment to total $125bn, to be supplemented by car and appliance incentives

Work proceeds on a railway bridge in Guizhou Province. China plans 6,800 km of new rail construction this year.
Work proceeds on a railway bridge in Guizhou Province. China plans 6,800 km of new rail construction this year.   © Reuters

BEIJING -- China is planning a record-high rail investment of around 850 billion yuan ($125 billion) this year, aiming to prop up a sputtering economy with stimulus measures that also include subsidies for car and appliance purchases.

"Investment for 2019 will very likely reach 850 billion yuan," said an executive at China Railway, a state-owned enterprise handling the rail sector. This would be about 6% over last year's figure of 802.8 billion yuan, which surpassed initial plans by about 10%.

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