BBG:China Boost railway plan

China announced a jump in planned railway spending and the State Council called for private investment in utilities and health care as Premier Wen Jiabao tries to reverse an economic slowdown . “China is selectively up scaling the stimulus” an economist with the Industrial Bank Co. said. “Premier Wen Jiabao said China will do something to boost confidence, and this is fresh evidence.”

Just a little something to add to an already strong Aussie$.

investingLive Premium
Telegram Community
Gain Access