High Speed Rail Spurring Economic Growth in China

A large-scale program of high speed rail projects is creating a huge economic impact in China. The fast timeline for these rail projects and the jobs they are creating have American officials looking on jealously.

"Indeed, the web of superfast trains promises to make China even more economically competitive, connecting this vast country - roughly the same size as the United States - as never before, much as the building of the Interstate highway system increased productivity and reduced costs in America a half-century ago.

As China upgrades and expands its rail system, it creates the economies of large-scale production for another big export industry. 'The sheer volume of equipment that they will require, and the technology that will have to be developed, will simply catapult them into a leadership position,' said Stephen Gardner, Amtrak's vice president for policy and development."

By 2012, China will have 42 high speed rail lines in operation. The first U.S. project -- an 84-mile link between Tampa and Orlando -- is scheduled to open in 2014.

Full Story: China’s Project to Build Fast Trains Is Spurring Growth

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