New rail projects to boost growth

China's top economic planner on Thursday announced the approval of three new rail projects as part of the ongoing drive to rejuvenate the economy.

The National Development and Reform Commission said it approved two rail projects in Yunnan province. One is a line costing 44.5 billion yuan ($7.24 million) linking Yuxi and Mohan and another, costing 25.7 billion yuan, will run between Dali and Ruili.

Another 25.6 billion yuan will be spent to expand rail capacity in northern China, linking Jinzhou port in Liaoning province and Baiyinhua, Inner Mongolia, the regulator said on its website on Thursday.