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China approves shareholding reform of agricultural bank, new infrastructure plans

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China's State Council, or cabinet, on Tuesday said it approved the comprehensive shareholding reform plan of the Agricultural Bank of China (ABC).

The executive meeting of the State Council, presided over by Premier Wen Jiabao, also gave nod to build new infrastructure projects to boost investment and economic growth.

(Xinhua News Agency October 21, 2008)

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