May 4, 2010

China bolsters growth with high-speed rail investment

China is bolstering its growth as a nation by investing heavily in high-speed rail technology, with an estimated $300 billion tabbed to be spent to meet its 2020 goal. The country has already built 4,000 of rail featuring trains with average speeds of 120 miles per hour or greater, and the country plans to build an additional 10,000 miles of high-speed rail connecting all of China’s major cities by 2020, according to a Center for American Progress report.

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