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, billed as the world's largest.
The investment is set to benefit hydropower plant and grid equipment makers, but some analysts warn that market enthusiasm may wane soon.
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China's Premier Li Qiang announced construction had begun on what will be the world's largest hydropower dam, located on the eastern rim of the Tibetan Plateau and estimated to cost around $170 billion,
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