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China launches first-ever private railways.China
http://economictimes.indiatimes.com/articleshow/5087364.cms
Submitted by anxora 1 month, 3 weeks, 5 days, 22 hours ago
Even as Chinese president Hu Jintao was telling an audience in Beijing that the government will stick to the path of socialism on October 1, a quite capitalistic revolution was taking place in distant Sanxi province in north China. The first-ever private railway project began construction on the 60th anniversary of the Communist revolution. It may seem like a modest beginning for the project’s private owners but the business focus is clear as the project will link coal mines of Sanxi.
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