China accelerates infrastructure investment plan as Evergrande woes add to economic slowdown fears

Infrastructure investment in telecommunication networks, satellite navigation, the industrial internet, smart logistics as well as transport will increase over the next five years, China’s cabinet has announced, with Beijing vowing to stabilise the world’s second largest economy amid the latest setback involving indebted developer China Evergrande Group.With concerns growing about China’s growth prospects due to the mounting problems involving Evergrande and crackdowns on both Big Tech and the…

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