China’s high-speed rail crash pointing to impending economic train wreck
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China’s development boom is often held up as a model of economic success. The country has maintained an impressive pace of change which has improved living standards and has even helped drive the rip-roaring commodity boom in Australia. China’s high-speed rail network is another jewel in the country’s development boom crown. But a fatal crash on the weekend has highlighted endemic problems with China’s breakneck pace of development.
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