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China Approves More Debt for Growth

China has approved a $36 Billion Railway/Transit plan to lay the groundwork for the planned Jing-Jin-Ji Megacity.

The Jing-Jin-Ji plans will integrate the cities of Beijing and Tianjin and the province of Hebei, creating a megacity with a population of 150 Million.

The high speed railway will be 1,100km in length, and is planned to be completed in 2030.

This project is just one of the many mega projects China is embarking on to stimulate growth in the midst of China’s worst economic slowdown in over 30 years.

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