Shanghai Has Big Plans

Shanghai's approach to city development is built around massive and expensive projects.

1 minute read

January 22, 2004, 4:00 AM PST

Following up on the success of it's new financial district, Shanghai has opened the world's first commercial use maglev train line. Further plans include hosting China's first ever Formula One car-racing event in a brand new venue which will highlight Shanghai as a new "auto city". While ridership on the new maglev line remains well below capacity, tbe city's car craze is quite evident. The train's operators are optimistic about the worsening congestion of the streets - "within a few years it will be very inconvenient to take the road to the airport."

Thanks to Zvi Leve

FULL STORY: Shanghai '04

Thursday, January 15, 2004 in The Economist

Community / Economic Development United States

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