James Carlini

It was just announced that China is going to put $586 Billion dollars into its infrastructure. Most of the major press reported this in the last several days with various stories discussing the broad investment that China is going to make by 2010 according to its government. According to one report:

"The statement said the spending would focus on 10 areas. They included picking up the pace of spending on low-cost housing - an urgent need in many parts of the country - as well as increased spending on rural infrastructure.

"Money will also be poured into new railways, roads and airports. Spending on health and education will be increased, as well as on environmental protection and technology."

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Posted by boyang at November 14, 2008 4:24 AM