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. China : The World's Factory becomes
. The World's Financier (Europe, US ....)
. The World's Investor (Africa)
. The World's Civil Engineer.
. US companies don't have these types of
. Fabrication
. Warehouses
. Equipment
. Cash-flow
. China has standy $1 trillion of funds to invest in US infrastructure.
. Privatisation of US national & State assets ??
. As part of the Debt restructuring program ??
Chinese Built Bay Bridge in San Francisco
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The new Bay Bridge, expected to open to traffic in 2013, will replace a structure that has never been quite the same since the 1989 Bay area earthquake. At $US7.2 billion ($A6.9 billion), it will be one of the most expensive structures ever built.
'I don't think the US fabrication industry could put a project like this together,'' the project director for the American Bridge/Fluor Enterprises joint venture, Brian Petersen, said.
''Most US companies don't have these types of warehouses, equipment or the cash flow,'' he said. ''The Chinese load the ships and it's their ships that deliver to our piers.''
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