| I remember a lot talk about the Chinese economy runs like a fast train, and it can not stop, and it has potential to run out of control. The train speed has been raised tremendously in last 15 to 20 years. I remember when I went to school from Ningbo to Shanghai in early 1990s, it took more than 8 hours for the "super fast" (te kuai) train. The potential risk of faster speed is also enormous, so the key is to improve the speed while control the risk. A remote anaology is the rapid developing/changing western financial market, who would like a portion of the US home mortgage (sub-prime loans) will spill over to the whole world in a year? At least Green Span did not think about it couple years ago. |
Train Collision in Shandong