How can portfolio investors make money out of China’s high-speed rail project? After all Beijing isn’t looking for partners for the state-run scheme, the largest infrastructure project in history.
Morgan Stanley has come up with a plan – invest in listed companies which stand to profit from the inter-linking of China’s big cities in everything from rolling stock manufacturers to Starbucks.
Morgan Stanley’s report doesn’t say a lot about recent controversies about the project’s management or costs. But perhaps it doesn’t need to – it wouldn’t be the first time a big infrastructure scheme lost money for its owners but generated profits for other people.
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