High-Speed Rail Revolutionizes Transportation in Greater China, Maglev System Struggles
The article discusses the development of high-speed rail and Maglev transportation systems in the Greater China Area. High-speed rail projects in Taiwan and China have been successful in meeting the increasing demand for intercity travel. Taiwan's high-speed rail project, using Japanese technology, cost $15 billion and adopted a BOT model for cost savings. China has been upgrading its rail networks to increase capacity and speed, with plans for 8 high-speed train services by 2020. However, the future of Maglev trains in China is uncertain, with the Shanghai airport line potentially being the last project if funding is not secured for future projects.