The Rising Influence of Rising Affluence

[DewDiligence]

Changsha, China plans major infrastructure spending:

http://online.wsj.com/article/SB10000872396390443477104577550702565231394.html

Changsha, the capital of central China's Hunan province, unveiled an ambitious infrastructure-development package that would require investments of 829.2 billion yuan ($130.7 billion)…

…The Changsha city government, together with financial institutions, unveiled 195 investment projects at a briefing Wednesday, the Hunan provincial government said in a statement on its website Thursday.

… The city will kick off the investment package with 10 major projects, including the second phase of Changsha's Huanghua airport and the construction of new roads and parks in the city… The package also includes an investment of 374.8 billion yuan in the redevelopment of 10 older sections of the city.