China a "Full Service" Economic Super Power



Arnold Schwarzenegger

China can offer a “complete package,” including financing, as it competes to build a high-speed railway in California costing more than $40 billion, according to the nation’s railway ministry. “What other nations don’t have, we have,” He Huawu, the ministry’s chief engineer, said in a Sept. 14 interview in Beijing. “What they have, we have better.” He declined to elaborate further on how much financing may be available.
California Governor Arnold Schwarzenegger this week rode on bullet trains in China, Japan and South Korea as the state seeks contractors and financing to build the planned network linking Los Angeles and San Francisco. China is competing for the high-speed line and for one in Brazil as it works to boost high-technology exports and pare its reliance on low- wage production. Read more here:

China a "Full Service" Economic Super Power