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Local Governments Rush To Release Investment Plans

CHINA PRESS
MNI (Singapore)

Up to 19 provinces have released their planned investment projects earlier than usual, totalling about CNY10 trillion, with many increasing their investment amounts from 2023, Yicai.com reported. Guangdong and Zhejiang provinces have maintained an annual investment of more than CNY1 trillion, while the number and investment value of projects in Hubei province saw about 45% y/y growth. Some debt-laden areas, such as Guizhou province, have more than halved their investment scale.

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