Gross domestic product expanded 5.2 percent, as China worked to export more to make up for weak demand, high debt and a steep property contraction at home.
Category: Infrastructure (Public Works)
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BlackRock to Buy Global Infrastructure Partners for $12.5 Billion
The Wall Street giant agreed to buy Global Infrastructure Partners, whose assets include airports and oil pipelines, in its biggest takeover in 15 years.
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In Europe, a Rail Renaissance is Underway
Amid concerns about climate change, demand for rail service is strong, and both governments and private investors are trying to keep up. Even Eurostar may see competition on its London-Paris route.
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Indian Stocks Are Booming. Why Is Long-Term Investment Lagging?
Long-term investment in India by businesses is stagnant, and foreign money is falling, even as the government is driving growth with infrastructure spending.
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Britain’s Economy Is ‘Not Working.’ Here Are 2 Key Reasons.
The power grid can’t keep up with demand for connections, and local planning authorities can block new construction for years. Overcoming these roadblocks has gained essential support.
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California Pushes Electric Trucks as the Future of Freight
A mainstay of cargo transport will be phased out at ports as California bans new registrations of carbon-fuel trucks in favor of nonpolluting ones.
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Slow Rollout of Electric Vehicle Charging Network Could Hinder E.V. Adoption
Lawmakers approved $5 billion for states to build a network of fast chargers two years ago. Although some states have made progress in recent weeks, most have not yet awarded contracts or started construction.
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America’s Truckers Face a Chronic Headache: Finding Parking
Parking spots for trucks are in short supply around the country, and the problem can lead to unsafe situations for long-haul truck drivers and other motorists.
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Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
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California Forever’s Plan to Build a New City Confronts Hostility
At the first town hall meeting in support of the project, residents of Solano County, Calif., pelted one of its leaders with skepticism and questions.
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Nepal Is Investigating New Airport Made by China
After a Times article about the cost and quality of Pokhara airport, which Chinese state-owned firms financed and built, Nepal’s anti-corruption agency said it was looking into the project.
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U.S. Finance Agency Lends to Sri Lankan Port to Counter Chinese Influence
The U.S. International Development Finance Corporation is joining forces with the Adani Group, strengthening ties to India and an embattled conglomerate.