“If you want to get rich, you must first build a road.” The old Chinese saying seems to have become obsolete, as is apparent from Beijing’s new infrastructure plans. In the second half of the year, the government wants to boost the economy, which has been slowed down by harsh Covid measures. The economy grew by just 0.4 percent in the second quarter. The leadership does not plan to settle for that again. More than ¥1 trillion (about €145 billion) of additional funds will be provided as a result.
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