China Echoes 2009 Stimulus With Railway Spending to Double in Second Half

http://www.bloomberg.com/news/2012-07-16/china-raises-2012-rail-investment-9-to-70-billion-ndrc-says.html

China’s railway infrastructure investment may double in the second half of this year from the first six months, aiding efforts to reverse a slowdown in the world’s second-biggest economy.

Full-year spending will be 448.3 billion yuan ($70.3 billion), according to a statement dated July 6 on the website of the National Development and Reform Commission’s Anhui branch. That indicates about 300 billion yuan of investment in the second half, up from about 148.7 billion yuan in the first.