Sounds like plans for some appropriate transit for dense urban areas one day was not nearly as popular with traders as lots of roads the next.
China’s Roads-to-Subways Construction Spurs Stocks Rally - Bloomberg:
China approved plans to build 2,018 kilometers (1,254 miles) of roads, spurring the biggest stock- market rally in almost eight months on signs the government is stepping up stimulus efforts to revive economic growth...Read the entire article at Bloomberg:
The Shanghai Composite Index closed 3.7 percent higher, led by construction stocks, on speculation infrastructure spending will help bolster growth that’s cooled to the slowest pace in three years. The announcements came a day after approvals for subway projects in 18 cities, an earlier rise in the railway- building budget and increases in land supplies in cities including Guangzhou, Hangzhou, Beijing and Shanghai.
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