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chinese announce $100billion spending package!

  1. nectar38
    2,622 Posts.
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    07/07/10
    20:27
    Post #: 6879863
    Hey Guys

    The CHinese Govt have just announced a $100Billion spending on infrastructure in poorer Western part of China.

    The money will be used to build roads, rail, nuclear power stations, electricity transmission lines and bridges etc!

    And all of those projects need our resources! Iron Ore, Copper, uranium, nickel, zinc, manganese.

    Looks like we will see more spending from the Chinese govt which will help our commodities prices!

    Got to be good for TTY!

    http://www.chinadaily.com.cn/china/2010-07/07/content_10073277.htm
    TTY Price at posting: 22.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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