The Economist reports China: Off the rails? Public support for high-speed trains is muted. The trains may reach 350km per hour but fares are proportionately eye-watering. That is all right for well-heeled travellers, happy to have an alternative to flying. But tens of millions of poor migrants who work far afield and flock home for the Chinese new year are being priced out the rail market and have to go by bus (the number of bus journeys is soaring). So, the […]
Tag Archives: China
Another good reason to promote global free trade: Britain and other Western countries risk running out of supplies of certain highly sought-after rare metals that are vital to a host of green technologies, amid growing evidence that China, which has a monopoly on global production, is set to choke off exports of valuable compounds. via Concern as China clamps down on rare earth exports – Asia, World – The Independent.
INTELLIGENCE chiefs have warned that China may have gained the capability to shut down Britain by crippling its telecoms and utilities. They have told ministers of their fears that equipment installed by Huawei, the Chinese telecoms giant, in BT’s new communications network could be used to halt critical services such as power, food and water supplies. The warnings coincide with growing cyberwarfare attacks on Britain by foreign governments, particularly Russia and China. via Spy chiefs fear Chinese cyber attack – […]
Wen Jiabao, China’s prime minister, has voiced concern over the outlook of US government bonds, calling on Washington to ease worries about US assets. Speaking at his annual news conference on Friday, Wen expressed concern that massive US deficit spending and near-zero interest rates could erode the value of China’s bond holdings. via Al Jazeera English – Business – China’s Wen worried over US assets .