Asian Development Bank Railway Project
Posted by Patricia Kim | Dec 10, 2004
Even as China’s economic growth slows down, there is a severe shortage of freight cars to deliver coal, iron, ore, and oil to continue feeding the mass industry in China. China Economic Net’s Story on Freight Car Shortage Many developmental agencies, like the Asian Developmental Bank, are investing millions of foreign and domestic dollars to build new railways. ADB Report on $548 Million Railway Project in Yunnan Province However many human rights organizations are against the ADB and other such institutions, arguing that they are opening up China and other developing countries to resource extraction, human displacement, labor exploitation, and ultimately imperialistic domination by First World Countries. Click here to check out the Revolutionary Worker’s Campaign Against the ADB Projects in China