The Chinese government announced that it will spend $146.5 billion ($1 trillion RMB) over the next three years on Sichuan earthquake reconstruction.
Plus, China increased its budget on infrastructure — roads, bridges, ports, etc — from 2 trillion to 5 trillion RMB over the next five years.
Somebody is going to get very rich from that massive infrastructure spending.
Related Posts
- $78 billion earthquake reconstruction (06/12/08)
- China to spend $78 BILLION for military in 2010 (03/05/10)
- China unviels $862 billion stimulus package (11/10/08)
- China reserves top $1.8 billion (07/14/08)
- Ford, GM sell $2 billion of parts to China (06/16/08)

