rail

Michael MackeyÔºöPrivatizing the ‘iron rooster’

From The Asia Times Online: There are big plans to expand China’s railways, but the price tag is equally big: a stunning US$240 billion shortfall through 2020 has been cited in the official media. At least 100 billion yuan ($12 billion) will be needed annually to expand the rail network from its current 75,000km to […]

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