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    Good news that China is ramping up their infrastructure projects ...

    'Chinese leaders have approved 2 trillion yuan (HK$2.26 trillion) of spending on railway construction, stepping up domestic investments to help fend off an economic slowdown.
    The rapid approval last week by the State Council can be one of the engines to spur economic growth, Xinhua News Agency cited Railway Ministry official Wang Yong as saying yesterday.

    Railway development could indeed be a key part of an economic stimulus package, experts have agreed.

    "A large fiscal stimulus package could bring 3 to 3.5 percent of real growth in 2009, which could be 0.5 to 1 percent more than in 2008," noted Stephen Green, head of China research at Standard Chartered Bank. Government consumption has accelerated over the past three years, going from 1.2 percent of real GDP growth in 2006 to 1.7 percent in 2008, he added.'

    All looks good for long term growth for OnCard IMHO...
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