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手机新2管理端:Shanghai unveils US$257 bln in infrastructure investments

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BEIJING: China's commercial hub of Shanghai on Tuesday launched eight infrastructure projects with total investment of 1.8 trillion yuan ($257 billion), state media said.

The projects involve the development of new energy and securing people's livelihoods, including urban transit, railways and housing improvement, the Shanghai Observer said.

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Specific projects include deep-sea offshore wind power demonstration projects, an ecological park, and drinking water safety and improvement.

The economy of Shanghai, China's most populous city, slumped 13.7% in the second quarter when COVID-19 outbreaks led to citywide lockdowns in April and May. It was the biggest economic contraction among all of China's province-level regions. - Reuters


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