ARTICLE: “China Bets Highways Will Drive Its Growth,” by Andrew Batson, Wall Street Journal, 11 November 2008.WORLD NEWS: “India Reins In Ambitioius Building Plans,” by Eric Bellman, Wall Street Journal, 12 November 2008.
Much of China’s $600B stimulus will focus on roads and other forms of transportation connectivity (airports and railroads). This is a “tried and true” engine for China’s growth these past 30 years—true economic frontier integration.
India, meanwhile, may be cutting back on plans due to the credit crunch, say economic observers, although Indian government officials blow off such predictions.
We hope the latter are correct in their confidence, because numbers are down across the infrastructure industries.
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