China’s Fast Trains May Offer Tips for U.S.
The Dec. 26 opening of the high-speed link between south Chinese cities Guangzhou and Wuhan is the latest example of massive state spending to keep China’s economy roaring. The fast-expanding network of high-speed trains is stoking patriotism, too.
“This train is the pride of the Chinese people,” says Hu, 42, the boss of a paper factory, who chose the train over a direct flight home to northeast China.
U.S. companies await the first round of government grants announced by President Obama in his State of the Union address totaling $8 billion to jump-start long-delayed high-speed rail in the USA.
Meanwhile, China enjoys a considerable head-start.