China to spend $1.3 trillion on new rail, road infrastructure
By Kevin Hamlin | China Daily | Updated: 2011-02-19 06:41
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A booth for Daqin Railway Co at a railway equipment expo in Beijing. Shares of Daqin Railway may rise as the nation's transport infrastructure is upgraded, according to Morgan Stanley. Nan Shan / For China Daily |
BEIJING - China plans to spend at least $1.3 trillion over the next five years to ease transport and freight bottlenecks, creating a windfall for companies such as Daqin Railway Co and Anhui Expressway Co.
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