Governments can stimulate their economies with big public works projects. We did that with the Civilian Conservation Corps during the Depression.
The Communist Party is China is very fond of using big public works projects to keep its economy humming.
China is to launch 10 key projects in the western regions this year to promote the strategy of developing its vast west.
These projects include new railway lines connecting Guiyang and Guangzhou, Lanzhou and Chongqing, Kashgar and Hotan in Xinjiang; highways between Wanyuan and Dazhou in Sichuan Province, Shuikou and Duyun in Guizhou Province; airport expansion projects in Chengdu, Chongqing and Xi’an.
They also include the building of hydropower stations, coal mines, gas and oil transmission tube lines as well as public utilities projects in western regions.
The Chinese economy is still rocking and rolling….and the Chinese government is going to make sure it stays that way.
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