China begins mega dam construction in Tibet
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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,
The investment is set to benefit hydropower plant and grid equipment makers, but some analysts warn that market enthusiasm may wane soon.
China is building the world's largest hydropower dam on the Yarlung Tsangpo river, which starts in the Himalayas. However, India and Bangladesh have both expressed concerns over the dam's potential impact.
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.
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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.
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