Nuclear power and high speed rail will top the focus of China’s plan to invest $1.5 trillion in seven key industries and shift the world’s number two economy away from its role as a supplier of cheap goods, sources said.
State-owned enterprises, rather than the government, will play the main role of channeling the investment, said one source with ties to the leadership.
China envisages high-end equipment manufacturing, including high-speed rail and aviation equipment, becoming a pillar of economic growth.
The full story is on the Reuters website.