$100b Pearl River-Xijiang plan approved

Pearl River-Xijiang River Economic Belt Development Plan of Guangxi Zhuang autonomous region has been approved by the State Council on Wednesday, a move expected to involve investment of 630 billion yuan ($101 billion).

Guangxi plans to carry out 166 projects within three years. Ninety-nine of the projects will focus on infrastructure construction, such as renovating Xijiang shipping channel and building highways and high-speed railways.

The projects are all ecological and environmentally responsible. Some local A-share listed companies, including Beibu Gulf Port and Guangxi Communications Investment Group Co Ltd, are likely to benefit from the plan.

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