TRAINS CARRY CHINA GROWTH HOPES

In the late 1990s when it was confronted with the Asian financial crisis and widespread insolvency in its state-owned sector, the Chinese government set out to pump-prime the domestic economy by building roads.

The country now boasts an extensive road network that is the envy of developing (and some developed) countries and its road-builders are considered the cheapest and best in the world.

In the past five years, China's excellent infrastructure has helped drive double digit growth that was based mostly on exports and investment in new manufacturing capacity and property development projects.

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