Beijing has anounced plans to build the worlds largest subway system. Looks like China will be gobbling up natural resources for years to come, must have a few other mega projects planned.
you won't hear much about China's mega projects. The Maglev train has been in service for almost 2 years, yet not many people outside of China knows about it. BTW, the Germany train is still under testing. http://en.wikipedia.org/wiki/Shanghai_Maglev_Train
Even for China, the $4.3 billion petrochemicals complex under construction in Guangdong Province is enormous. http://www.bechtel.com/Briefs/0704/CSPC.htm
I have a question but not about subways but trains. and that is why doesn't the United States have a really fast and safe passenger rail system?..I just don't understand why we don't as this is a big country with many very beautiful places to see and yet, the passenger rail system is the U.S is zilch IMO.
PetroChina (PTR) could be a good Call or Call Debt Spread play. Buy Dec 120 $2.85 Sell Dec 125 $0.85 Total Debt $2.00 Max Loss $2.00 Max Gain $3.00