Gavin Wendt

China boosts railway budget to keep growth on track: China has reportedly increased its 2010-2015 budget for railway spending by 500B yuan (81.48B) to 3.3T yuan as the government looks to accelerate construction as part of a bid to prevent GDP growth from slowing too much. In addition, the State Council has approved tax breaks for small firms and a cut in export fees. It's quite a clever stimulus that won't have an inflationary impact.


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