Friday, April 16, 2010

With the eruption of the volcano in Iceland, the globe can be looking at high levels of soot with the vortexes to send it around the planet.

A Chinese high speed train ready to depart the Beijing South Railway station

ANALYSIS - China banks on rail boom to fire inland growth 

Mon Apr 12, 2010 8:28pm IST

By Alan Wheatley, China Economics Editor

BEIJING (Reuters) - In southwestern Yunnan province, giant concrete pillars bestride the fields, tracing the route of one of scores of new rail lines that China is building.

In western Xinjiang, construction crews toil on a lonely line crossing the desert wastes to the Silk Road city of Kashgar.

From one end of the country to the other, China is in the midst of a railway boom that promises to transform the world's third-largest economy.

By making it easier to move people and goods, the railway mania will gradually shift the centre of economic gravity inland, accelerating the development of central and western China in an echo of America's experience in the 19th century.

Jing Ulrich, chairman of China equities and commodities at J.P. Morgan, also sees comparisons with the construction of the U.S. interstate highway system and Japan's Shinkansen high-speed rail network. Both wrought far-reaching socio-economic changes....

http://in.reuters.com/article/businessNews/idINIndia-47628220100412