The investment that China is making is one that could be linked to longterm growth if done in a wise manner. It is like the US Eishenhower Interstate System and could produce a simlar result.
Tony makes good question. The amounts we use in Wall Street Speak are in dollars. But, the ones used inside China are of course Chinese Yuan. (today 6.83 Yuan to 1 dollar). That means if well spent. they can get lots of action for their money. But, often the communist system waste as much money as it spends. Our govenment waste as much as theirs does. But, our system of building makes dollars or Yuan's go much further and work harder.
My plan will be work well with what China is doing at home. It will make the company a few extra billion.
China’s $585 Billion Renovation [View article]
Tony makes good question. The amounts we use in Wall Street Speak are in dollars. But, the ones used inside China are of course Chinese Yuan. (today 6.83 Yuan to 1 dollar). That means if well spent. they can get lots of action for their money. But, often the communist system waste as much money as it spends. Our govenment waste as much as theirs does. But, our system of building makes dollars or Yuan's go much further and work harder.
My plan will be work well with what China is doing at home. It will make the company a few extra billion.