List Your Equipment  /  Dealer Login

China Approves 25 Subway Projects in Stimulus Move

Wed September 12, 2012 - National Edition
Construction Equipment Guide


BEIJING (AP) China’s government has approved construction of 25 subway projects in a new move to stimulate its sluggish economy.

The projects announced Sept. 5 by the national planning commission are budgeted at a total of $133 billion for 23 subway lines, with spending on two others not disclosed.

The communist government is injecting money into the economy through higher spending on building subways, airports and other public works in hopes of reversing a slowdown that pushed growth to a three-year low of 7.6 percent in the second quarter.

The projects include subway lines in cities throughout the country, including Shanghai in the east, Taiyuan in central China and Guangzhou in the south.




Today's top stories

New Bridges Part of Iowa's $114M Madison Avenue Project

Eagle Bridge Co. Works On Final Leg of U.S. 35 Upgrade

Fay Preps Way for Pittsburgh International Airport Modernization Project

SAKAI Achieves Record Sales, Production

Takeuchi Recognizes Top Dealers at 2024 Dealer Summit

Muddy Water Dredging Christens Marlin Class Dredge

Indiana Officials Mark Start of 2024 Construction Season, Promote Safety

Leica Geosystems Launches its First Machine Smart Antenna — Leica iCON gps 120








aggregateequipmentguide-logo agriculturalequipmentguide-logo craneequipmentguide-logo forestryequipmentguide-logo truckandtrailerguide-logo
39.96250 \\ -83.00610 \\ Columbus \\ PA