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China keeps pouring money into highways, railroads and airports

5-year plan calls for double-digit expansion of transport networks

China's network of central-government-managed expressways is set to grow 11% between 2021 and 2027.   © Reuters

DALIAN, China -- China has put together a five-year transportation infrastructure investment plan that would continue heavy spending on highways, high-speed rail and airports after a record-setting 2022.

The drive risks deepening the reliance of battered, debt-laden local economies on infrastructure for growth as land sales, previously a crucial source of income, remain in a slump.

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