China accelerating 300 infrastructure projects valued at 7 trillion yuan this year

Via Bloomberg is this, from “people familiar with the matter who asked not to be identified as the decision wasn’t public”:

• China is accelerating 300 infrastructure projects valued at 7 trillion yuan ($1.1 trillion) this year
• Projects as part of a broader 400-venture, 10 trillion yuan plan to run from late 2014 through 2016
• The National Development and Reform Commission, which will oversee the projects, didn’t respond to a faxed request for comment

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The AUD/USD has gained throughout the session and this sort of news wouldn’t have done it any harm