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May 24, 2017

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China eyes US$104 bil. rail spending in 2013 to beef up economy: media

BEIJING -- China will sharply increase planned railway investment in 2013 to more than US$100 billion, state media cited the railways minister as saying Thursday, as part of plans to boost the economy.

The Ministry of Railways will spend 650 billion yuan (US$104 billion) this year, the Xinhua news agency said, citing minister Sheng Guangzu as saying at an annual national work conference.

That marks a 30-percent increase from the planned investment of 500 billion yuan for 2012.









1 Comment
January 20, 2013    bwmmiller@
Thorium LFTR styled reactors and electric bullet trains in China! America will fall far behind paying the Usury on its oil imports for its oil intensive jet transportation. Unfortunately powerful lobbyists in U.S. force these economic conditions, dictate the American reality from their board rooms, even over ruling government for the sake of the richest few at the top.
Canada needs a Chinese electric bullet train from the Cold lake Alberta Tar Sands to the cities in the south. Current highways are inadequate. Very high maintenance and damned hard work to drive in Canada's winter conditions. Canada now counts Asia and primarily China as its largest trading partner, and watches Chinese electric train technology very closely.
4104 Billion will provide for technological advances for the good of all mankind. Thank You for doing this.
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