China Approves $157 Billion in Infrastructure Spending
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China's government has approved 60 projects valued at $157 billion in an effort to reboot the economy and turn the tide on slowing. The projects were approved by the National Development and Reform Commission and are expected to be fast tracked projected, not "new" projects, according to reports from Reuters. Analysts say the projects are likely to proceed and last for approximately 4 years, although some warn that China could be making bad investments.
Related ETF: iShares FTSE China 25 Index Fund (NYSE: FXI), iShares S&P Emerging Mkts Infrastructure (NYSE: EMIF), EGShares China Infrastructure (NYSE: CHXX)
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Related ETF: iShares FTSE China 25 Index Fund (NYSE: FXI), iShares S&P Emerging Mkts Infrastructure (NYSE: EMIF), EGShares China Infrastructure (NYSE: CHXX)
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