China begins mega dam construction in Tibet
Digest more
SHANGHAI (Reuters) -China stocks closed at an eight-month high on Tuesday, while Hong Kong shares extended gains to a multi-year peak, driven by construction and power firms after work began on a major dam project in Tibet,
China's stock markets reached new heights driven by major construction and power firms after commencing work on a colossal hydropower dam in Tibet. Investor confidence in Beijing's economic policies spurred the CSI300 and Hang Seng indices to significant gains.
China has officially launched construction of what experts call the world’s largest hydropower project, a colossal dam on the Yarlung Zangbo (Brahmaputra) in southeastern Tibet.
China has broken ground on what it says will be the world's largest hydropower project, a $170 billion feat capable of generating enough electricity each year to power Britain.