586 Billion
China Unveils Sweeping Plan for Economy from the NY Times.
The money is supposed to be spent on new railways, subways and airports, and help rebuild after the earthquake in South China.
That is a lot of money to be spent on this type of infrastructure, I am not sure that is the best place for China to spend it. The question is where would provide the best return on the investment in China. Schools are one area that come to mind as well as improving the health system. Social Security, or lack of are also an area needing help. But what railroads, subways, and airports have in common is they Engineering projects, and the leadership of China is Engineers. My under-graduate was also in Engineering. Electrical infrastructure is another area that will need improvement in China, but a lot seems to be already in process in this area.
Labels: china's future
posted by Ray at
10:05 PM
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