China”s planners seem to throw around dollar figures in the trillions almost casually when it comes to infrastructure investment. True, it”s in Renminbi (RMB), which goes for 6.83 to one U.S. dollar. The total is still lavish. Chinese companies benefiting from the windfall face tough competition from sexier stocks in the current bull market, but generous government investment makes infrastructure stocks worth a look.
Chinese Infrastructure Awash in Money-12/21/2009 – NASDAQ.com.
Advertisements
Filed under: International High Speed Rail
Chinese has a lot of money and cheap manpower.. they built a lot of magnificent building example for olympic.