Chinese stimulus plan – defend and spend
Don’t burst the bubble…
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By Alex Lennane
Chinese railways need a healthy dose of investment. But the government doesn’t want to pay, so it has opened the sector up to private investors, but without giving them the right to decide prices. No doubt, if allowed, foreign logistics companies would be interested, but as recent deals in Russia have shown, investing in some countries can be a complex affair, especially when there is state interference.
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