The Economics of China's Mega Traffic Jam
Car ownership is on the rise in China. So is the construction of new highways. But one is rising faster than the other.
"Roadworks and booming demand for coal and other goods sent thousands of lorries heading for China's capital. Beijing is set to spend 80 billion yuan ($11.8 billion) on transport infrastructure in 2010-but it may not be enough. In recent years rising vehicle ownership has outpaced the growth of China's express highway system by a distance."
Thanks to GOOD