Tuesday, October 2, 2012

On a toll-free investment road to nowhere in China





The mainland's new toll-free policy has not only created widespread traffic jams on the country's highways over the National Day break, but will also deter investment in highways, casting further uncertainty over Beijing's aggressive road-building plan to reignite the slowing economy.


Beijing launched the nation's first toll-free period at midnight on Sunday, the start of the Mid-Autumn Festival holiday, waiving highway tolls for cars with seven or fewer seats. The levies will be lifted on 20 annual holidays, including Lunar New Year and the Ching Ming festival.









via Business feed http://www.scmp.com/business/china-business/article/1051816/toll-free-investment-road-nowhere-china

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