China Has A Debt Problem Three Times Larger Than Evergrande
Economics Explained
00:00
The Global Financial Crisis - What Is It?
Travelling across the country was very limited, and so the demand for such a rail network wasn't really there. This all changed in the early two thousands when china's plan to open up to the world was well and truly full swing. More and more young workers were moving from their small home towns to large cities to provide the labour needed to fuel the nation's ever growing industrial sector. The government had already started working on some high speed rail developments, but the global financial crisis pushed these efforts into high gear.
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