SHANGHAI - China’s state planner has given the green light to a 2.77 billion yuan ($427 million) deep water channel expansion project in Guangdong province, the government body said on Tuesday. The National Development and Reform Commission (NDRC) said the project would help Guangzhou Port cope with increasing ship traffic and assist with the development of the Pearl River Delta region. ($1 = 6.4871 Chinese yuan renminbi)