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In two separate articles last month (“Modi’s Budget Boosts Bullish Outlook for Indian Stocks” and “Investing In The Potential of New Asian Infrastructure Investment Bank”), I discussed the importance and imminent rise of infrastructure spending in Asia, supported by China’s creation of the $100 billion Asian Infrastructure Investment Bank (AIIB) and the desperate need for infrastructure in the region, particularly in India. This week, China announced that 57 countries are joining the...
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