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China boosts infrastructure spending

CHINA IS to inject an extra £625bn - enough to fund 75 Channel Tunnels, or 125 CTRLs - into its already expanding infrastructure programme over the next three years.

Finance for up to half of the increased spend is expected to be sourced internationally through foreign lending agencies which will force many of the planned projects to be offered through international tender.

It is not yet clear whether the dramatic infrastructure boost will be from all new money or an acceleration of the existing five year programme started in 1996.

Either way, government officials have promised many more roads, railways and bridges, plus power, water and sewage treatment plants.

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