Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

$146 billion for quake reconstruction

by Tony Sagami on November 6, 2008

in Asian Market, Stock Market in China

The Chinese government announced that it will spend $146.5 billion ($1 trillion RMB) over the next three years onSichuan earthquake reconstruction.

Plus, China increased its budget on infrastructure —roads, bridges, ports, etc — from 2 trillion to 5 trillion RMB over the next five years.

Somebody is going to get very rich from that massive infrastructure spending.

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