http://www.china-briefing.com/news/2010/02/04/the-cost-of-china%e2%80%99s-stimulus-plan-its-railway-network.html Fri, 10 Sep 2010 02:34:17 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.china-briefing.com/news/2010/02/04/the-cost-of-china%e2%80%99s-stimulus-plan-its-railway-network.html/comment-page-1#comment-27708 Woolley Mon, 08 Feb 2010 08:17:35 +0000 http://www.china-briefing.com/news/?p=6444#comment-27708 Its what I have suspected that despite the central government saying everything is all ok, the strain is in fact showing. Much of the trillion dollars they had has been wasted on property speculation and the stock markets, yet again the Chinese need to degrade to gambling which has cost them so much in the past. Short-termism remains a China problem. A 'shiny new train' system already out of financial reach to those who really need it - the migrant laborers is going to either leave more of them at home and slow the economy or drive prices up and slow the economy. Kudos for saying "China can't afford it". It couldn't afford this financial downturn and the banks are in trouble as a result. Shanghais streets are not paved with gold, as we may now say. And Expo will be a dud also. Just watch. Its what I have suspected that despite the central government saying everything is all ok, the strain is in fact showing. Much of the trillion dollars they had has been wasted on property speculation and the stock markets, yet again the Chinese need to degrade to gambling which has cost them so much in the past. Short-termism remains a China problem. A ’shiny new train’ system already out of financial reach to those who really need it – the migrant laborers is going to either leave more of them at home and slow the economy or drive prices up and slow the economy. Kudos for saying “China can’t afford it”. It couldn’t afford this financial downturn and the banks are in trouble as a result. Shanghais streets are not paved with gold, as we may now say. And Expo will be a dud also. Just watch.

]]> http://www.china-briefing.com/news/2010/02/04/the-cost-of-china%e2%80%99s-stimulus-plan-its-railway-network.html/comment-page-1#comment-27684 Steve Isserlis Fri, 05 Feb 2010 09:18:27 +0000 http://www.china-briefing.com/news/?p=6444#comment-27684 USD308billion is a huge chunk of that 2 trillion though. Plus plus. USD308billion is a huge chunk of that 2 trillion though. Plus plus.

]]> http://www.china-briefing.com/news/2010/02/04/the-cost-of-china%e2%80%99s-stimulus-plan-its-railway-network.html/comment-page-1#comment-27668 pacer Thu, 04 Feb 2010 15:48:54 +0000 http://www.china-briefing.com/news/?p=6444#comment-27668 Well, I'm sure that just a fraction of those $2 trillion of foreign exchange reserves China is sitting on could wrap up their shiny new rail system... Well, I’m sure that just a fraction of those $2 trillion of foreign exchange reserves China is sitting on could wrap up their shiny new rail system…

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