China approves 25 urban rail projects to boost economy

[marmar]

BEIJING, Sept. 6 (Xinhua) -- China's top economic planning agency has approved 25 urban rail projects that could be worth more than 800 billion yuan (126.98 billion U.S. dollars).

The National Development and Reform Commission (NDRC) on Wednesday announced the approvals of project plans and feasibility reports for the 25 projects in cities including Shijiazhuang, Taiyuan, Lanzhou, Guangzhou and Xiamen, according to the NDRC's website.

The move marks the government's latest effort to stabilize economic growth when external demand remains weak as the U.S. economy has been struggling to gain traction and Europe is slipping toward a recession, Xu Changle, professor of regional economics at the East China Normal University.

.....(snip).....

Forty Chinese cities will have subway systems by 2020, bringing the total track length to 7,000 km, 4.3 times the current length, according to the China Association of Metros, an organization under the direct supervision of the NDRC. ................(more)

The complete piece is at: http://news.xinhuanet.com/english/china/2012-09/06/c_131831645.htm

[datasuspect]

1. maybe one day uhhhhmericans

can get jobs in china as servants, english tutors, and game show participants.

[sadbear]

2. China finally gets it.

And we don't.

They're going to leave us in the dust if we don't figure it out.

[liberal N proud]

3. Meanwhile, in America, an obstructionist congress blocks such projects

All in the interest of serving the Oil Lobby.

Think of the numbers of jobs that would create!

[Johonny]

4. Don't worry Jon Galt will build those trains for us

I mean if we wait long enough, deregulate enough... it's got to work eventually right?