Another $292 billion to keep China on the go

[deeplode]

China is really determined to keep its economy on a growth path. Its State Council has announced today a $292 billion investment in rail infrastructure.

see deeplode.com

 

[tech/a]

And why not they have the money.

The US of A could be cheap very soon!

 

[wallyt99]

My fiance is Chinese.... I am thinking of moving there.

 

[wildkactus]

They need too, some off the rolling stock and engines are 30 odd years old.

Also the increase in both passangers and freight will demand it.


If you ever get the chance do the train trip from Guangzhou to Chongqing its quite a good journey. 33 hrs long so get a soft sleeper.

 

[Miner]

The extent of financial crisis is not over even after some one trillion invested in the market jointly by US, uk, Europe, Aust and others.

The order of deficit could be couple of trillions

$292 billion is nothing also considering the dollar is much cheaper now

So it is good but no where near to the requirement