China’s SOEs to invest $1.49 trillion in new infrastructure


China's State-owned enterprises plan to invest over 10 trillion yuan ($1.49 trillion) in more than 1,300 "new infrastructure"-related projects across the country during the 14th Five-Year Plan period (2021-25), injecting new impetus into efforts to sustain economic growth, said senior State-asset regulators on Friday.

Unlike traditional infrastructure such as railways, roads...