Is China Spending Too Much on Trains?

Financial analysts in China say that the country is spending far too much money - to the tune of $229 billion - on its nationwide high-speed passenger-rail network.

1 minute read

December 23, 2009, 12:00 PM PST

By Tim Halbur


From the New York Times: "Spending on railroads is growing faster than on any other area of investment, rising 80.7 percent to 464.6 billion renminbi in the first 11 months of the year from the same period in 2008, according to China's National Bureau of Statistics."

"'These are ridiculous, unsustainable numbers for any economy,' Mr. [Stephen Roach, chairman of Morgan Stanley Asia] said."

Wednesday, December 23, 2009 in The New York Times

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I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

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