China's new high-speed train is much faster than the Acela in the USA

Washington Post,Wednesday, January 6, 2010 on page C10: Today's News -

"The little engine that could ...go very fast:-

The world's fastest train service debuted in China in the last week of 2009. The new bullet train takes just under three hours to travel between two Chinese cities(Wuhan to Guangzhou) that are 664 miles apart. That is a litle farther than the distance from Washington to Atlanta." I visited such cities in China for lectures on the American economy in 1980s and 1990s. But I had to spend more time for travel during that period.

The train travels at an average speed of 217 miles per hour but can go faster. The fastest train in the United States is Amtrak's Acela, which can reach speeds of about 80 miles per hour. China plans to build a network of high-speed trains throughout the country." Published in "Kids Post" but for adults as well.

Page E1: America's famous KFC,Starbucks Coffee with Berger King and McDonald can be seen in Shanghai, China when I visited there so many times in so many places.

Here we see more evidence of Sino-American Economics in action.

Page A9: Recession over? Not unless we make a major shift of the American economy with similar situation in China nowadays.

Economist Paul Krugman probably has it about right when he says there is a one-in-three chance that the economy will dip back into recession with the optimistic scenario that the economy will neither shrink nor grow but bounce along the bottom. Krugman visited China weeks ago. In China,the economy is up a bit as per the reports from the media. Both nations took measures for stimulus policy.

American households are well into the shift having gone from a negative savings rate to circa 4%. However, China's saving's rate is higher from the lifestyle with the traditional culture under the influence of Confucianism.

On page A9,Steven Pearlstein wrote:"Most important would be for the government to step up its spending for infrastructure,basic research, clean energy development and expanded public education." China has the same spending plans.

Re: Public education:"The Future of Community Colleges" published by the Congressional Record,July 18, 1974 with the vision to educate and train the grassroots in communities in the United States. In China,vocational education is being stressed for training the folks. There is the common ground of Sino-Amerian economics of public education as an example of the positive externality.

Francis Shieh aka Xie Shihao,citing the above to share with readers online for Sino-American Economics on January 6, 2010 at 9.36 a.m.