Deal by deal, Russia building ties with Asia

Chinese President Hu Jintao announced Saturday more than $150 billion in spending on infrastructure projects as part of efforts to boost Chinese and world economic growth.

President Hu, speaking in Vladivostok at the Asia-Pacific Economic Cooperation summit, said the billions would be spent on roads, railroads, farming, and energy projects.

The meeting of 21 member economies in the Russian port city was dominated by calls to boost infrastructure spending to cut transportation bottlenecks in Asia.

The Chinese leader said the infrastructure spending would...

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At the Asia-Pacific Economic Cooperation Summit, plans are made to encourage economic development in the region.