China may put hundreds of billions into building infrastructure that India so both countries can have higher GDP growth
China’s foreign exchange reserves, the largest in the world, reached a record USD 3.95 trillion in March and it plans to invest around USD 500 billion overseas in the next five years, a large share of which is expected to find India’s way.
China is positively considering investing in India’s ambitious plan to build high-speed railways, including bullet trains.
Chinese officials say that China would be committing anywhere between USD 100 billion to USD 300 billion in the modernisation of Indian railways by replacing existing tracks to increase the speed, station development, establishing industrial parks as well as invest in mega infrastructure projects.
The improvement of tracks could push the average train speeds from 160 km/hr to 180 km/hr, Indian officials say.
China is also asking India to hand over certain railway corridors for it to build, develop and maintain high speed railway lines.
During Xi’s visit, China is set to announce two industrial parks, one each in Gujarat and Maharastra to begin a host of manufacturing and energy units. China is expected to commit investments worth $6.5 billion to set up industrial parks in India and sign purchase agreements of over $3 billion with Indian companies.
Source: http://nextbigfuture.com/2014/09/china-may-put-hundreds-of-billions-into.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).