Thomas the Cash Engine

Published on Author andrew

China Has just announced a $24 Billion dollar railway expansion. According to one Chinese Official, the new expansion will rival those of continental Europe. The expansion is set to add numerous new jobs and was designed to boost China’s GDP back up to 8%. Whether, this is accomplished or not remains to be seen, but the move helps illustrate the economic ideology of China’s central bank.

Source: Bloomberg

One Response to Thomas the Cash Engine

  1. This appears to be a wise move considering China’s notorious traffic problems in urban areas. A robust public transportation system is a key factor in a modern and developed country.