September 2012
Beginner
310 pages
15h 37m
English
Content preview from Understanding the Chinese EconomiesBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Chapter 8
Economic Growth and Income (Re)distribution
The high-speed railway.
Photo released by the Chinese Ministry of Railways, Beijing, 2011
During the early 1990s, the commercial train service in China averaged less than 50 km/h. High-speed rail (HSR) service was introduced in China in 2007. The HSR provides a fast, reliable, and comfortable means of transporting large numbers of travelers in a densely populated country over long distances. By the end of 2011, China’s HSR network had reached over 13,000 km. China is the first and only country to have a commercial train service on conventional rail lines that can reach 350 km/h. Regardless of ...
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