China’s Shanghai launches infrastructure projects worth $257 billion

China's Shanghai launches infrastructure projects worth $257 billion
© Reuters. People stand on a bridge near the Bund, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, September 6, 2022. REUTERS/Aly Song

USD/CNY

+0.08%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

+ Add another position
Close

BEIJING (Reuters) – 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)

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous post Asian Stocks Bounce Back From Recent Losses, But Fed Jitters Cap Gains
Next post Asia FX Muted, Dollar Steadies Ahead of Fed Meeting