Rail investment benefits from stimulus plan
China’s rail users will be the biggest winners as the government’s detailed financial stimulus package come out. New high speed trains, a greatly expanded rail network and faster links between the country’s major cities, all now pulling out of the sidings, are racing towards completion.
China’s railway builders and train manufacturers, too, are celebrating their unexpected fruits following the government’s commitment to enlarge the rail infrastructure across the country. Companies in these sectors are expected to be the major beneficiaries of the 4 trillion yuan stimulus package lately announced by the government as its key policy in ensuring China’s economy continues to thrive, despite the situation of the global financial downturn.
The first fruits of this massive Read more…
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