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Monday, March 10. 2008
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Quote of the Day - "How is China Funding its Growth?...Look at the back of your shirt!"
Tom Murphy, keynote speaker at this year's GITA Conference and former mayor of Pittsburgh confronted a question from the audience at the opening plenary session on how China was funding all of its infrastructure development.
"Look at the back of your shirt," was his retort. Murphy indicated that China was flush with cash right now and their infrastructure projects prove it. He cited as evidence:
- China completed a vast 25000 mile highway system in just 12 years
- Beijing's subway expanded from 70 to 335 miles in a little more than a decade
- Thousands of miles of high speed rail lines are under construction
Posted by Joe Francica
in GITA 2008
at
18:16
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