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High-speed rail is at the foundation of China's growth strategy

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Has China overinvested in high speed rail? Anecdotal stories of empty train stations (paywall) in far-off provinces have led some to conclude that high-speed rail is just another Chinese white elephant--an investment without a cause. But the recent experience with high-speed rail belies this narrative, and a closer look at the data reveals that high-speed rail has...

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