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China Approves Rail Projects worth RMB 800 Billion to Boost Fastener Industry
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2012-09-10
The National Development and Reform Commission of China (NDRC) has officially approved rail traffic construction projects enforced in numerous cities. Total investment scale is predicted to be over RMB800 billion, among which the recent construction planning adjustment program of urban rail traffic in Guangzhou costs the most; RMB124.1 billion is estimated. Therefore, it’s forecasted that the market scale of fasteners applied in rail construction can reach RMB10 billion.
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