China’s top economic planner, the National Development and Reform Comission (NDRC) has given the green light to construction projects for roadways and an airport valued at 192 billion yuan ($31 billion) in the latest effort from the government to boost investment and the nation’s slowing economy, according to a report from Reuters.
According to the report from Reuters, China will build five new roads in the southern and central region and provinces of Guangxi, Guangdong and Sichuan, the NDRC said on its website.
A total of 80 billion yuan will be invested in Beijing to build a third airport in the capital city, according to the report.
These new projects come during a time of slowing growth in China, the world’s second-largest economy, as government authorizes re-engineer the nation’s growth model by cutting inefficient state spending and encouraging domestic consumption.
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