China construction boom
Posted on Monday, June 23rd, 2008 | In Asia, China, Current Market NewsGovernments can stimulate their economies with big public works projects. We did that with the Civilian Conservation Corps during the Depression.
The Communist Party is China is very fond of using big public works projects to keep its economy humming.
China is to launch 10 key projects in the western regions this year to promote the strategy of developing its vast west.
These projects include new railway lines
connecting Guiyang and Guangzhou, Lanzhou and Chongqing, Kashgar and
Hotan in Xinjiang; highways between Wanyuan and Dazhou in Sichuan
Province, Shuikou and Duyun in Guizhou Province; airport expansion
projects in Chengdu, Chongqing and Xi’an.
They also include
the building of hydropower stations, coal mines, gas and oil
transmission tube lines as well as public utilities projects in western
regions.
The Chinese economy is still rocking and rolling….and the Chinese government is going to make sure it stays that way.
Last 5 posts by Tony Sagami
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 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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