Mkt gives 21 gun salute to Jinping’s $100-bn investment vow

September 22, 2014

Equity benchmarks rebounded smartly with the Sensex rising 319 points and the Nifty advancing nearly 100 points partly on the back of the Chinese president’s pledge to invest USD 100 billion over five years. Chinese president Xi Jinping vowed to invest USD 100 billion in India over five years, clearly racing ahead of Japanese prime minister Shinzo Abe’s promise to invest USD 35 billion. In his maiden visit to the country, Jinping committed to invest in India’s railway, infrastructure and manufacturing projects. 

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