High-Speed Rail Is China’s Unexpected Success Story
High-speed rail gives China a competitive edge over some developing countries as it has rapidly brought companies within close reach of an enlarged employee talent pool and customers, too.
Excerpt from New York Times
Just five years after China’s high-speed rail system opened, it is carrying nearly twice as many passengers each month as the country’s domestic airline industry.
With traffic growing 28 percent a year for the last several years, China’s high-speed rail network will handle more passengers by early next year than the 54 million people a month who board domestic flights in the United States.