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China to invest more on transport by 2020

byCustoms Today Reportandadmin
04/10/2014
in Business
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BEIJING: China is planning to ease transport bottlenecks that are affecting economic development by 2020. The government spokesman has asserted that China is planning to resolve issues like too much road tolls and poor connectivity problems.

China has invested billions of dollars on roads construction, railways and ports and its economic growth shows that it will invest more money on the communication sources to enhance the business.

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Moreover, infrastructure and communication roads are comparatively backward and cannot satisfy the demands of the development of modern facilities,” the spokesman said outlining a plan running to 2020 to deal with the problem. The government spokesperson added that previously announced steps such as trying to rein in excessive tolls and penalties have failed to be fully effective, affecting the movement of goods within the country.

 

Tags: 2020BEIJINGbottlenecksChinadollarseconomic developmenteconomic growthinfrastructureinvesttransport

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