NEW YORK, NY and LONDON -- 06/04/08 -- China and India are spending an unprecedented $1.5 trillion on infrastructure projects in the next five years, approaching the level of US infrastructure spending for the first time, according to investor reports published today which identify the full scale of expenditure for the first time.

The comparison with the US, which spends $400 billion on infrastructure annually, is particularly striking given the big difference in national wealth. US gross domestic product in 2007 was $46 trillion compared to China's $3.6 trillion and India's $1.05 trillion.

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Posted by boyang at June 4, 2008 4:57 PM