Thursday, November 25, 2010

"China's Economic Growth Leads to Packed Roads, Push for Expanded Railways" from Voice of America by Stephanie Ho

China's rapid economic growth is causing some strains - and they are increasingly evident on the roads of the country's big cities. Traffic jams fill news headlines and create headaches for a growing number of people. Beijing is the capital of the world's most populous country. At rush hour, the city's roads become clogged. The city has 4 million cars, and 2,000 more are added every day. [...] The government stresses rail as an environmentally cleaner and more efficient urban transportation method. Tsinghua University economist Hu Angang backs that view. Hu says up until 2015, the Chinese government will invest $600 billion (four trillion yuan) to develop high speed railroads, and fast railroads, and long-distance railroads. He says rail is safe and energy-saving.
Read the Voice of America article here. See also: The Political Economy of Uneven Development: The Case of China (Asia & the Pacific), Economic and Social Transformation in China: Challenges and Opportunities, Achievement Evaluation of IFI Assistance Loans to China (1981-2002), The Chinese Economy in Crisis: State Capacity and Tax Reform (Studies on Contemporary China)

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