Fiscal stimulus has accelerated China's railway expansion program, bringing development to the interior and enhancing internal military mobility. But government administration of the railways remains inefficient.
Beijing's latest effort to curb the Chinese steel industry's overcapacity has limitations.overcapacity has limitations -- part of an ongoing series exploring Chinese industry, finance and statistics.
China has long been defined by a cycle of a strong central power gradually breaking down. Today is no exception. This analysis is the first in a series that will explore China's industry, finance and statistics. (With STRATFOR maps)
