i believe so, to some extent, the inventory build, but infrastructure buildout is also real
for example, china rail network is expected to increase thetransportpolitic.com substantially, by say 54% w/i 10 years
"China has embarked on the second largest public works program in history, following only the Eisenhower Interstate Highway System in size. China plans to spend more than $1 trillion on expanding its railway network from 78,000 km today to 110,000 km in 2012 and 120,000 km in 2020. The Interstate Highway System was originally authorized to be 66,000 km long, but has expanded past that goal to 75,000 km today. The two nations are of basically equivalent size, and this means that China, which already has a passenger rail network about the size of our highway system, will be practically doubling its mileage of intercity connections" |
