FILE PHOTO: Workers inspect railway tracks, which serve as a part of the Belt and Road freight rail route linking Chongqing to Duisburg, at the Dazhou railway station in Sichuan province, China March 14, 2019. REUTERS/Stringer/File Photo
SINGAPORE - China’s total fixed-asset investment in transport infrastructure hit 488.9 billion yuan from January to March this year, up 4.8 percent from a year earlier, according to official data published on Sunday. China’s spending on railways rose 10 percent to 101.2 billion yuan for the quarter, while its investment in high-speed highways reached 191.5 billion yuan, up 12.6 percent on-year, according to an online statement published by the Ministry of Transport.
China is ramping up infrastructure investment to boost its slowing economy. The state planner approved 370.3 billion yuan worth of fixed-asset investment projects in the first quarter, mainly in energy, transportation and high-tech sectors.
The power of printing money ...
that's a lot of moola
We spend that on never ending potholes. So there
Sounds like that there are less politicians in China who are receiving bribes from oil and car industries.
In order to be a competitive world power, the US should be investing in our own infrastructure NOW.
what say you realDonaldTrump
They are playing chess, very long term, while the world is looking at them impressed overall, though doubtful of their moves, and many of the doubters are simply just playing checkers....
weakness of ex communist countries: distribution infrastructures.
$73B in just one quarter? How much did U.S spend on same infrastructure same quarter? I bet much less! I also think U.S spends more on military hardware than infrastructure! Just drive on GW Parkway in VA along Potomac!
My Governor * Democrat Gavin Newsom My State * California My Problem * High Taxes on Gas Why * Democrat Gov Brown signed an E.O. Solution * Revoke the Tax IMAGES: My California Governor What does your look like? ElectionIsRiggedInCalifornia
Reminiscent of Nazi germany rounding up its citizens. The Chinese people want freedom, and it’s making Xi extremely nervous and paranoid. China is about to collapse