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Chinese local governments launched almost 1 trillion yuan infrastructure projects in December, driving up cement prices

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Chinese local governments have launched nearly 1 trillion yuan worth of infrastructure projects in December, driving up prices of cement and other construction materials.

On December 18, China's southwestern province of Sichuan announced starts of 1405 major infrastructure projects, involving a total of 724.4 billion yuan investment.

The announcement came after several other local governments launched a number of infrastructure projects earlier this month, bringing the total investment involved to nearly 1 trillion . . .

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