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Trade war

China to boost railway spending by $10bn to absorb trade war impact

Sichuan-Tibet line, other infrastructure projects to be expanded to support domestic demand

China Railway high-speed Harmony bullet trains sit at a maintenance yard in Wuhan, Hubei Province.   © Reuters

BEIJING -- The Chinese government is set to expand infrastructure spending to stimulate the economy amid the growing risk of a slump as its trade war with the U.S. escalates.

Beijing plans to increase spending on railway construction by nearly $10 billion from the initial budget for 2018 by expanding existing projects, including the planned railway line linking Sichuan Province and the Tibet Autonomous Region. It has also restarted approvals on subway construction in various parts of the country.

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