News Snapshot:
China kicked off the construction of a landmark 72.73 billion yuan (US$10.5 billion) canal in its southwest over the weekend as part of its latest efforts to use infrastructure to aid the distressed economy. The 135km (84-mile) Pinglu Canal in the Guangxi Zhuang autonomous region is set to link up the Xi River with ports in the Beibu Gulf, also known as the Gulf of Tonkin. Officially approved in March, the project was first brought up in the provincial government’s agenda in 2018, with construction set to last four and a half years. “This year’s infrastructure construction has been accelerated...
