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

China: $292 billion for new railroads

by Tony Sagami on October 27, 2008

in Asian Market, Stock Market in China

China has 78,000 kilometers of railroad tracks acrossit but expects that number to increase to 120,000 kilometers by 2020. 

To pay for that, the Chinese State Council pledged $292 billion of funding.

Somebody is going to make a bunch of money from all that construction.

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