Goosing infrastructure companies isn’t anything new. It’s been going on since 2003, when the U.S.’ “shock and awe” offensive overwhelmed Iraqi forces and resulted in negligible casualties. It was too easy. The casualties came later.

Seemingly under the radar, China’s Shanghai Composite Index has risen 17.7% since Nov. 1. Specifically – and not coincidentally – the index began its rise Nov. 10, the day after Beijing announced an ambitious economic stimulus plan that will pour $585 billion into housing, water-and-energy projects, airports, disaster relief and railroad construction over the next two years.