Capitalism with Chinese Characteristics by Yasheng Huang

Author:Yasheng Huang
Language: eng
Format: mobi
Publisher: Cambridge University Press
Published: 2008-08-31T16:00:00+00:00

FOUR What Is Wrong with Shanghai?

Why can't India plan bullet trains when China can smoothly roll hi-speed trains between Shanghai and Pudong covering a stretch of over 450 km in one hour?

– Jayant Patil, finance minister of the Indian state of Maharashtra

We must acknowledge that relative to the needs of economic growth and social development, Shanghai is not dynamic enough. The praise for Shanghai's dynamism mainly comes from the mouths of international friends based on impressionistic comparisons with metropolises of foreign countries.

– A report by the Shanghai Association of Industry and Commerce (2006, p. 29)

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