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China invests heavily in bullet trains
Posted: 1 September, 2010 • Category: News • Tags: Economy, Transport • Comments(0)
Three years ago China planned to lay 13,000kms of high-speed railway by 2020, more than the rest of the world combined. Then the Global Financial Crisis hit and Beijing brought that deadline forward by 8 years. China’s bullet train project is ambitious and has generated millions of jobs and utilised millions of tonnes of Australian iron ore to produce the high-tensile steel for tunnels, bridges and tracks. More global high speed rail investment is needed to make cities more resilient to oil depletion and rising jet fuel costs in the coming decade.
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