November 29, 2016
China has approved a $36 Billion Railway/Transit plan to lay the groundwork for the planned Jing-Jin-Ji Megacity.
The Jing-Jin-Ji plans will integrate the cities of Beijing and Tianjin and the province of Hebei, creating a megacity with a population of 150 Million.
China's Jing-Jin-Ji make Beijing a world's largest Megalopolis #development #asia#city https://t.co/ijokREnQog
— NewBuildings. Estate (@NewBuildingsCo) November 15, 2016
The high speed railway will be 1,100km in length, and is planned to be completed in 2030.
China Approves $35,8 billion in Railway Modernization Projects – https://t.co/eXbGL04VOT #chinarailway #asianrailwaynews #chinarailwaymarket pic.twitter.com/94sJbPgDOZ
— Railway News (@Railwaynewsnet) November 28, 2016
This project is just one of the many mega projects China is embarking on to stimulate growth in the midst of China’s worst economic slowdown in over 30 years.
China economic slowdown will lead to recession. Debt & misguided capital spending caused strain https://t.co/6u3ZFcQltN
— Richard Ellis PMP (@richardlellisjr) September 21, 2016
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