Issue 2003 February 08
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ASIA: China launches massive infrastructure expansion
China has embarked on a major expansion of roads, electrification and dam construction. Pat Byrne reports.China is undertaking massive infrastructure building which dwarfs the US Marshall Plan that rebuilt Europe after World War II.The huge investment drive stems from several pressures.Mao Tse-tung built China as a centralised, command economy. Provinces developed their own heavy industry, and infrastructure separately from each other so that…
